# ASC Topic 605: Revenue Recognition Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/605/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:41:05.306Z to 2026-09-10T00:54:34.894Z Record version: sha256:ff3c01674359e830614ed6cda5e939d306cb04e6fb1d4d8722c199fe9af79182 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## Machine-generated topic summary ASC 605 is the legacy Revenue Recognition Topic, and ASU 2014-09 superseded substantially all of it in favor of the five-step model in Topic 606 (with contract costs in ASC 340-40). Per 605-10-05-3 there is no revenue recognition guidance left in Topic 605; the general subtopics (605-15 product sales/right of return, 605-25 multiple-element arrangements, 605-28 milestone method, 605-30 rights to use, 605-40 involuntary conversions, 605-45 gross vs. net, 605-50 customer incentives) and nearly all industry subtopics (airlines, films, franchisors, casinos, broker-dealers, real estate, software, etc.) are empty shells retained for historical and comparative-period reference. What survives is narrow: onerous-contract loss provisions for separately priced extended warranty/product maintenance contracts (605-20-25-6) and for construction- and production-type contracts (605-35-25-45 through 25-49, with presentation in 605-35-45-1 and 45-2) and software contracts requiring significant production or customization (605-985), plus revenue for contracts not with customers in industry subtopics — agricultural cooperatives (605-905), insurance premiums (944-605), health care charity care and related fundraising entities (605-954), NFP contributions (958-605), and regulated-utility alternative revenue programs (605-980). The key idea: cite ASC 605 today only for these residual loss-provision and non-customer revenue rules; everything else lives in Topic 606. Source downloaded (UTC): 2026-09-10T00:41:05.306Z to 2026-09-10T00:41:29.256Z Record version: sha256:4aad63b6142e3a9c61ed102e2b584f32a27432fd0a93835159993206493750b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10: Revenue Recognition — Overall ### Machine-generated study aids ```json { "summary": "ASC 605-10 is the residual \"Overall\" subtopic of the legacy Revenue Recognition Topic; after ASU 2014-09 substantially all of its recognition guidance was superseded and replaced by Topic 606. What remains is a navigational shell: it states that no revenue recognition guidance is located in Topic 605, points to industry Subtopics that still govern revenue for contracts not with customers within Topic 606's scope, and directs users to the Subtopics containing guidance on provisions for losses on onerous contracts.", "key_points": [ "Per 605-10-05-3, there is no revenue recognition guidance in Topic 605; revenue from contracts with customers is accounted for under Topic 606.", "Revenue for contracts not with customers within Topic 606's scope remains in industry Subtopics listed in 605-10-05-3: 905-605 (agricultural cooperatives), 944-605 (insurance contracts), 954-605 (contributions from related fundraising entities and charity care), 958-605 (contributions), and 980-605 (alternative revenue programs).", "Provision-for-loss (onerous contract) guidance survives in 605-20 (separately priced extended warranty and product maintenance contracts) and 605-35 (construction-type and production-type contracts), per 605-10-05-2 and 605-10-05-4.", "605-10-05-4 also cross-references loss provision guidance in 985-605-25-7 (software), 944-605-35-7 (insurance), 912-20-45-5 (federal government contractors), 954-440-35-1 through 35-3 (continuing care retirement communities), 954-450-30-3 through 30-4 (prepaid health care services), and 980-350-35-3 (long-term power sales contracts).", "The scope of this Subtopic applies to all entities (605-10-15-1), but its substantive scope paragraphs 605-10-15-2 and 15-3 and all of Section 25 were superseded by ASU 2014-09." ], "categories": [ "Revenue", "Recognition", "Industry-specific", "Transition and effective dates" ], "audience_level": "introductory", "student_note": "Do not cite ASC 605-10 for revenue recognition rules — it is now an empty signpost pointing to Topic 606, to industry Subtopics for non-customer contracts, and to the surviving loss-provision guidance. The common mistake is assuming all of Topic 605 vanished; the provision-for-losses Subtopics 605-20 and 605-35 are still live GAAP.", "related_topics": [ "606", "605-20", "605-35", "958-605", "944-605", "980-605" ], "key_concepts": [ "superseded revenue guidance", "onerous contract", "provision for losses", "contracts not with customers", "industry-specific revenue guidance", "residual subtopic", "scope cross-references" ] } ``` Source downloaded (UTC): 2026-09-10T00:41:05.306Z to 2026-09-10T00:41:05.306Z Record version: sha256:afa2722f40f9fb918900aa6ccf67ac5a6882103c8a8857fdb9ead630ea5b16e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/10/#00-status) SEC content: no ##### [605-10-00-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:05.306Z to 2026-09-10T00:41:05.306Z Record version: sha256:2c46fd7c49352ab588c1a356144928d395bbb110344c750d7fbaf08849481b27 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Readily Convertible to CashSupersededAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
605-10-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-10-05-1AmendedAccounting Standards Update No. 2010-1704/28/2010
605-10-05-2 through 05-4
AddedAccounting Standards Update No. 2014-0905/28/2014
605-10-15-2SupersededAccounting Standards Update No. 2014-0905/28/2014
605-10-15-3SupersededAccounting Standards Update No. 2014-0905/28/2014
605-10-25-1 through 25-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-10-25-2AAddedAccounting Standards Update No. 2010-1704/28/2010
605-10-60-1 through 60-2
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:41:08.310Z to 2026-09-10T00:41:08.310Z Record version: sha256:a75925f3ffc5b7c536742031ab7638d92562c9de79d4ceb15dd77e5f402973b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/10/#05-overview-and-background) SEC content: no ##### [605-10-05-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:08.310Z to 2026-09-10T00:41:08.310Z Record version: sha256:9b661893a231167b622fed96ad28db3f544b0086816957e519d3619f25442557 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-05-2](https://asc.understandingaccounting.org/asc/605/10/#605-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:08.310Z to 2026-09-10T00:41:08.310Z Record version: sha256:e84bdf22acfea9a91b3c156ab068bcce6f9d12ffd977ad0c6e1f36027787e816 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following two Subtopics within this Topic provide guidance on provision for losses: 1. a 605-20, Revenue Recognition—Provision for Losses on Separately Priced Extended Warranty and Product Maintenance Contracts 2. b 605-35, Revenue Recognition—Provision for Losses on Construction-Type and Production-Type Contracts. ##### [605-10-05-3](https://asc.understandingaccounting.org/asc/605/10/#605-10-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:08.310Z to 2026-09-10T00:41:08.310Z Record version: sha256:8cd6b2399fb133e9e0c53d21e84aa5d802fc2528ef8076368964408f8197beb3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. There is no [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") recognition guidance located in this Topic. There is revenue guidance in the following industry Subtopics for [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") that are not with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") within the scope of Topic 606 on revenue from contracts with customers. Revenue guidance is included in the following industry-specific Subtopics: 1. a 905-605, Agriculture—Revenue Recognition, for guidance on cooperatives 2. b 944-605, Financial Services—Insurance—Revenue Recognition, for guidance on insurance contracts 3. c 954-605, Health Care Entities—Revenue Recognition, for guidance on contributions from related fundraising entities and charity care 4. d 958-605, Not-for-Profit Entities—Revenue Recognition, for guidance on contributions 5. e 980-605, Regulated Operations—Revenue Recognition, for guidance on alternative revenue programs. ##### [605-10-05-4](https://asc.understandingaccounting.org/asc/605/10/#605-10-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:08.310Z to 2026-09-10T00:41:08.310Z Record version: sha256:d071bffdf1aa034fd848bb9df6cb3dd238c8b22d4ae091a259674ec27d0853ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Topic also provides guidance and references for the recognition and measurement of a provision for losses for certain arrangements (that is, an onerous contract). The guidance on recognizing a provision for loss is located in the following Subtopics: 1. a 605-20, Revenue Recognition—Provision for Losses on Separately Priced Extended Warranty and Product Maintenance Contracts 2. b 605-35, Revenue Recognition—Provision for Losses on Construction-Type and Production-Type Contracts 3. c 985-605, Software—Revenue Recognition, specifically paragraph [985-605-25-7](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-7) 4. d 944-605, Financial Services—Insurance—Revenue Recognition, specifically paragraph [944-605-35-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-7) 5. e 912-20, Contractors—Federal Government—Contract Costs, specifically paragraph [912-20-45-5](https://asc.understandingaccounting.org/asc/912/20/#912-20-45-5) 6. f 954-440, Health Care Entities—Commitments, specifically on continuing care retirement communities in paragraphs [954-440-35-1 through 35-3](https://asc.understandingaccounting.org/asc/440/954/#440-954-35-1) 7. g 954-450, Health Care Entities—Contingencies, specifically on prepaid health care services in paragraphs [954-450-30-3 through 30-4](https://asc.understandingaccounting.org/asc/450/954/#450-954-30-3) 8. h 980-350, Regulated Operations—Intangibles—Goodwill and Other, specifically on long-term power sales contracts in paragraph [980-350-35-3](https://asc.understandingaccounting.org/asc/350/980/#350-980-35-3). Source downloaded (UTC): 2026-09-10T00:41:10.069Z to 2026-09-10T00:41:10.069Z Record version: sha256:2dcd213f673ee61195356fe858850f4839ca569aa94b82a76a0a5e06b3fe169e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/10/#15-scope-and-scope-exceptions) SEC content: no #### Entities ##### [605-10-15-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:10.069Z to 2026-09-10T00:41:10.069Z Record version: sha256:e700583fc88076d1ecdc3deb40b24ea09ee1ee16072f70a7cf1ee26808934034 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to all entities. ##### [605-10-15-2](https://asc.understandingaccounting.org/asc/605/10/#605-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:10.069Z to 2026-09-10T00:41:10.069Z Record version: sha256:19cac8ca841f20cc3dda254102f6a61df412c8afce2ccf3c7cbc35e35517d10d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-15-3](https://asc.understandingaccounting.org/asc/605/10/#605-10-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:10.069Z to 2026-09-10T00:41:10.069Z Record version: sha256:55ddb24d4bf76c780a0875e84dbde6f801f0f838673dee35d01d58420d19f740 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:41:16.214Z to 2026-09-10T00:41:16.214Z Record version: sha256:289e3848be3ded92aed4aa899c0443aa38fd2b934ed6ad2654b6869c13d51f7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/10/#25-recognition) SEC content: no ##### [605-10-25-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:16.214Z to 2026-09-10T00:41:16.214Z Record version: sha256:e3e04e3993f39739192f273ba3d653a9763c845d47501d84c62e51a1aca1d2dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-25-2](https://asc.understandingaccounting.org/asc/605/10/#605-10-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:16.214Z to 2026-09-10T00:41:16.214Z Record version: sha256:ec8d4481890034c6415b9a2bbcdc452ee9f0fc42fac6374408bd273dc95c09f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-25-2A](https://asc.understandingaccounting.org/asc/605/10/#605-10-25-2A) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:16.214Z to 2026-09-10T00:41:16.214Z Record version: sha256:bbb326a562cebfc90b930bbe25725cb984c3fac2098d443f46281a18b9af77c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-25-3](https://asc.understandingaccounting.org/asc/605/10/#605-10-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:16.214Z to 2026-09-10T00:41:16.214Z Record version: sha256:d52d21711379f77296506826d4ec64c9c555309963c543f9a3029c98a1341323 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-25-4](https://asc.understandingaccounting.org/asc/605/10/#605-10-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:16.214Z to 2026-09-10T00:41:16.214Z Record version: sha256:0c33965f3d64e98a47bb38341666d56417a59793f3ee218925b302b451e8dda4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-25-5](https://asc.understandingaccounting.org/asc/605/10/#605-10-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:16.214Z to 2026-09-10T00:41:16.214Z Record version: sha256:8dd0d04308acb281faa7bfc555070de8ab5747ae9bd21ce5740508107fab453d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:41:19.400Z to 2026-09-10T00:41:19.400Z Record version: sha256:c8f623505de25396780791a9ce1a1434ec63929785b744a49bed3e2ce16fdaeb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/605/10/#60-relationships) SEC content: no ##### [605-10-60-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:19.400Z to 2026-09-10T00:41:19.400Z Record version: sha256:cdb610a3943eebabb67b1febdc558ce513a61e6c9ce048b4cb4224bdfa5b01a9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-60-1A](https://asc.understandingaccounting.org/asc/605/10/#605-10-60-1A) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:19.400Z to 2026-09-10T00:41:19.400Z Record version: sha256:4e54842c66ffe9c9985d6331d1e1a5166bd9ca2c5ffb81f991ce7349171b0003 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-10-60-2](https://asc.understandingaccounting.org/asc/605/10/#605-10-60-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:19.400Z to 2026-09-10T00:41:19.400Z Record version: sha256:b32ae88e335b7fe7c8b1ead5af5921f2069e8d444a818879f648f6fa38aaf823 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:41:21.982Z to 2026-09-10T00:41:21.982Z Record version: sha256:6d44c08d31b456e7ceb82486fc365a11758b205d7a7eb69b7598746f2f7cef33 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/10/#sec-00-status) SEC content: yes ##### [605-10-S00-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:21.982Z to 2026-09-10T00:41:21.982Z Record version: sha256:231e38bd7fc485308fd0de446feae919a2cd3bb776826a6d4bacfb0f9af2db06 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
605-10-S25-1 through S25-4
SupersededAccounting Standards Update No. 2017-1411/22/2017
605-10-S50-1SupersededAccounting Standards Update No. 2017-1411/22/2017
605-10-S99-1SupersededAccounting Standards Update No. 2017-1411/22/2017
605-10-S99-1AmendedAccounting Standards Update No. 2015-1006/12/2015
605-10-S99-1AmendedAccounting Standards Update No. 2012-0308/27/2012
605-10-S99-1AmendedAccounting Standards Update No. 2009-0709/15/2009
605-10-S99-1AmendedAccounting Standards Update No. 2009-0308/24/2009
Source downloaded (UTC): 2026-09-10T00:41:25.137Z to 2026-09-10T00:41:25.137Z Record version: sha256:003fcc8eae297e8de00e8334b2f47b3f84da4850e382c10f1fe75792b5a62f5f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-S25: SEC 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/10/#sec-25-recognition) SEC content: yes ##### [605-10-S25-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-S25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:25.137Z to 2026-09-10T00:41:25.137Z Record version: sha256:8c12687252ca81ba9329a051ca9fe58da6f17cba2555b9b613df5dfe719f5902 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). ##### [605-10-S25-2](https://asc.understandingaccounting.org/asc/605/10/#605-10-S25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:25.137Z to 2026-09-10T00:41:25.137Z Record version: sha256:0e4c97044600ac55bae7b9529af857745645180b0ad4dc352792dc0e5a2b47ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). ##### [605-10-S25-3](https://asc.understandingaccounting.org/asc/605/10/#605-10-S25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:25.137Z to 2026-09-10T00:41:25.137Z Record version: sha256:9c1acff6f0875e04e1fdcb7394cf52df7157cdf943035cbc6f66cbce9ed4507a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). ##### [605-10-S25-4](https://asc.understandingaccounting.org/asc/605/10/#605-10-S25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:25.137Z to 2026-09-10T00:41:25.137Z Record version: sha256:16273471a4ed0d709f5bbbb00374c6433021307d0944123d510df3c614466953 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). Source downloaded (UTC): 2026-09-10T00:41:27.445Z to 2026-09-10T00:41:27.445Z Record version: sha256:73cb4608f346565f3d9771c0153299d9e87e6b0dc2cd5aa712d323050665a0b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/10/#sec-50-disclosure) SEC content: yes ##### [605-10-S50-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-S50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:27.445Z to 2026-09-10T00:41:27.445Z Record version: sha256:a9e28d8639279c0df6d7ccf91405909939f6263c25dcef4f49d7dde255fa7ef8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). Source downloaded (UTC): 2026-09-10T00:41:29.256Z to 2026-09-10T00:41:29.256Z Record version: sha256:64d699cc6bb6e59cbd80b6a5df5439637e7d6afe56f3b26e7f43ebc4c18f7914 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-10-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/605/10/#sec-99-sec-materials) SEC content: yes ##### [605-10-S99-1](https://asc.understandingaccounting.org/asc/605/10/#605-10-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:29.256Z to 2026-09-10T00:41:29.256Z Record version: sha256:cb2830d2b42c2c8af84790f88717ec616de7a154d55d7846700b121356653920 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). Source downloaded (UTC): 2026-09-10T00:41:31.329Z to 2026-09-10T00:42:07.607Z Record version: sha256:62697021a0bf9fc112345e04131e8f4d9592aaace062be7b38a7d75ffa33139b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15: Revenue Recognition — Products ### Machine-generated study aids ```json { "summary": "ASC 605-15 was the legacy guidance on revenue recognition for sales of product, most notably sales with a right of return (and related product financing and industry arrangements). Every paragraph in the subtopic — background, scope, recognition, and presentation — has been superseded by ASU 2014-09, which replaced it with the revenue model in ASC 606. As a result, the subtopic contains no operative guidance today and exists only as a historical marker.", "key_points": [ "All of Sections 05, 15, 25, and 45 of ASC 605-15 are superseded by Accounting Standards Update No. 2014-09 (see 605-15-05-1 through 05-7, 15-1 through 15-4, 25-1 through 25-5, and 45-1).", "Because no paragraph remains operative, ASC 605-15 imposes no recognition, measurement, or presentation requirements for product sales.", "Revenue from sales of products, including arrangements with a right of return, is now accounted for under ASC 606, with returns treated as variable consideration and a refund liability.", "Costs of obtaining or fulfilling a contract formerly addressed alongside legacy revenue guidance are now in ASC 340-40.", "Entities that have adopted ASU 2014-09 must not apply the superseded 605-15 criteria (such as the former reasonable-estimate-of-returns conditions) to recognize product revenue." ], "categories": [ "Revenue", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell: its only content is the notation that ASU 2014-09 superseded it, so any exam question about product sales or rights of return should be answered under ASC 606. The common mistake is citing the old 605-15 \"reasonable estimate of returns\" conditions instead of ASC 606's variable consideration and refund liability model.", "related_topics": [ "606", "606-10", "340-40", "605-10", "845" ], "key_concepts": [ "superseded guidance", "sales with a right of return", "product revenue recognition", "revenue from contracts with customers", "variable consideration", "refund liability" ] } ``` Source downloaded (UTC): 2026-09-10T00:41:31.329Z to 2026-09-10T00:41:31.329Z Record version: sha256:d3478f7d5e1169c424368de641c152bbc0ccbdbacd9be920a1dd72dc7b12c3d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/15/#00-status) SEC content: no ##### [605-15-00-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:31.329Z to 2026-09-10T00:41:31.329Z Record version: sha256:449f34b8ddbc9a164dda247091bfaab369dddb5a26c3865a9d1564517efbebea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
WarrantySupersededAccounting Standards Update No. 2014-0905/28/2014
605-15-05-1 through 05-7
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-15-15-1 through 15-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-15-25-1 through 25-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-15-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z Record version: sha256:36c15326cba7cb62a12da06a9802a50b8da22b1324ef1d76a2a82e811fa123b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/15/#05-overview-and-background) SEC content: no ##### [605-15-05-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z Record version: sha256:7e5af2d0ee0947a038e506c73c4b79790e5204bd50979981a28f9e84b1339768 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-05-2](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z Record version: sha256:9a24708ec25beb523d3463dd4e3899040622886d2295aecd24c77c16838edad5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-05-3](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z Record version: sha256:9a2bc6214a1c62627670d6118f63e0a3dfb1f59e443d08dd00b747ce2cb5b08c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-05-4](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z Record version: sha256:707e30f0eb153a091bb2d02010251b301f2d91dd13f3b699dfa6badb45e7bd60 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-05-5](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z Record version: sha256:1b6ba0a18329a1984a991e5892dfd05cb31106bd685ff5e499936887a3ab19a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-05-6](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z Record version: sha256:e4a467042d0cab522f0c8349f0eb974298e781c5e2ebd0c39a6ebd2aa3567e7a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-05-7](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z Record version: sha256:9413996b7fc0f52e6ed64c7cc2529aa4a2471a7f47f6a6f1dcac12bffca84052 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:41:36.580Z to 2026-09-10T00:41:36.580Z Record version: sha256:203d82e6ee0249b0cb788be231055cf9d526382285456e81afa29245ad33807e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/15/#15-scope-and-scope-exceptions) SEC content: no ##### [605-15-15-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:36.580Z to 2026-09-10T00:41:36.580Z Record version: sha256:859cc468d375c7d51de265317ca26247373252c897802a9c907bec03cc19776b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-15-2](https://asc.understandingaccounting.org/asc/605/15/#605-15-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:36.580Z to 2026-09-10T00:41:36.580Z Record version: sha256:c93efd221a9ae80927a413215e97a9ee29512d41bd804903370b0de4026fbdd0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-15-3](https://asc.understandingaccounting.org/asc/605/15/#605-15-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:36.580Z to 2026-09-10T00:41:36.580Z Record version: sha256:a93963c022c75c5c0480f49d112fcccbf081b09679af88541e98291b7f2c7c09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-15-4](https://asc.understandingaccounting.org/asc/605/15/#605-15-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:36.580Z to 2026-09-10T00:41:36.580Z Record version: sha256:b69dbafed7b797d9fbc35d220d781180da6ae107bdb2e6ef8db9697267509d67 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:41:40.504Z to 2026-09-10T00:41:40.504Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/15/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:41:44.359Z to 2026-09-10T00:41:44.359Z Record version: sha256:258a544aaf3bcde3e5f1be527692672ace0fb80e0779ab1fd7986b40c95226a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/15/#25-recognition) SEC content: no ##### [605-15-25-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:44.359Z to 2026-09-10T00:41:44.359Z Record version: sha256:545d9f661363dec4c6e9a4b1cf2501089340acb923ae5c107d62fb82861d290a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-25-2](https://asc.understandingaccounting.org/asc/605/15/#605-15-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:44.359Z to 2026-09-10T00:41:44.359Z Record version: sha256:ea477796dade5b8137a40be95365af5b6f1320de38ac67c4dfbb84aef1dad0f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-25-3](https://asc.understandingaccounting.org/asc/605/15/#605-15-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:44.359Z to 2026-09-10T00:41:44.359Z Record version: sha256:12cf7feae868f5a89777deed7a828d0c22471f2071e7fa18e090e66d5641a037 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-25-4](https://asc.understandingaccounting.org/asc/605/15/#605-15-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:44.359Z to 2026-09-10T00:41:44.359Z Record version: sha256:d23311b89a70dd7fcacbe23682452b314c22888d33857876a1fec74529250c93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-15-25-5](https://asc.understandingaccounting.org/asc/605/15/#605-15-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:44.359Z to 2026-09-10T00:41:44.359Z Record version: sha256:bf0420003ce409ddb606a48ffd7735220a14874a81fb90f867d163d603346f64 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:41:46.325Z to 2026-09-10T00:41:46.325Z Record version: sha256:e81ddfbb228503776bba340bffdf7af5c9d64c84650f07d14ff81256752db874 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/15/#45-other-presentation-matters) SEC content: no ##### [605-15-45-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:46.325Z to 2026-09-10T00:41:46.325Z Record version: sha256:fdc47b609b844200e8a8f20e8a9c6283119a69be243a5246403e6c3b1f977adc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:41:50.256Z to 2026-09-10T00:41:50.256Z Record version: sha256:876dd0ff916805b15686649ac806cebca0a0463b44485d738323acdc6c4c56c4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/15/#sec-00-status) SEC content: yes ##### [605-15-S00-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:50.256Z to 2026-09-10T00:41:50.256Z Record version: sha256:7881c72ffdb1f20a722b415d23a44677716118e6ff33c9d4e033ab78bbff86c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
605-15-S25-1SupersededAccounting Standards Update No. 2017-1411/22/2017
605-15-S25-2SupersededAccounting Standards Update No. 2017-1411/22/2017
605-15-S45-1SupersededAccounting Standards Update No. 2017-1411/22/2017
605-15-S50-1SupersededAccounting Standards Update No. 2017-1411/22/2017
605-15-S50-2SupersededAccounting Standards Update No. 2017-1411/22/2017
605-15-S99-1 through S99-3
SupersededAccounting Standards Update No. 2017-1411/22/2017
605-15-S99-1AmendedAccounting Standards Update No. 2009-0709/15/2009
605-15-S99-2AmendedAccounting Standards Update No. 2012-0308/27/2012
605-15-S99-2AmendedAccounting Standards Update No. 2009-0308/24/2009
Source downloaded (UTC): 2026-09-10T00:41:54.304Z to 2026-09-10T00:41:54.304Z Record version: sha256:525e5f82a6971d7c41a355f7e5b3d7a33c84373dee343dd86062694ad005a2cf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-S20: SEC 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/15/#sec-20-glossary) SEC content: yes Source downloaded (UTC): 2026-09-10T00:41:57.887Z to 2026-09-10T00:41:57.887Z Record version: sha256:c5d46a4661b7ec40fd8920f53ff74d7ce479d4c6e7313008991067d46ece0757 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-S25: SEC 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/15/#sec-25-recognition) SEC content: yes ##### [605-15-S25-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-S25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:57.887Z to 2026-09-10T00:41:57.887Z Record version: sha256:90fcb0a1e8f371dca4ef2e24fbc6f924009f695857bab28aaf7d5aeed2a9dc6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). ##### [605-15-S25-2](https://asc.understandingaccounting.org/asc/605/15/#605-15-S25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:41:57.887Z to 2026-09-10T00:41:57.887Z Record version: sha256:3538aeb1a261627f792f38a2cd6ff751019852e84f52f29d5e10950ae058a2f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). Source downloaded (UTC): 2026-09-10T00:42:01.588Z to 2026-09-10T00:42:01.588Z Record version: sha256:8aa873aad16f5ed2410f3535e5d62eb875d3d8e3f8c4838db74026c855b612c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/15/#sec-45-other-presentation-matters) SEC content: yes ##### [605-15-S45-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:01.588Z to 2026-09-10T00:42:01.588Z Record version: sha256:34ef9a684646e84eaacb76b6bf24e31e8ebc891275b7d905c0161fc1f9c0e731 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). Source downloaded (UTC): 2026-09-10T00:42:04.231Z to 2026-09-10T00:42:04.231Z Record version: sha256:ff6f6bd4ec9db4bdb38429c9102f08b97d758f6a750fb0ca21ce85b30454e8c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/15/#sec-50-disclosure) SEC content: yes ##### [605-15-S50-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-S50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:04.231Z to 2026-09-10T00:42:04.231Z Record version: sha256:04b3ae0348c42606015b9d7725d11838f5328087058f3f7cefdf8d58070b4e84 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). ##### [605-15-S50-2](https://asc.understandingaccounting.org/asc/605/15/#605-15-S50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:04.231Z to 2026-09-10T00:42:04.231Z Record version: sha256:d463a318fdcf722a576ea91221ca6ee4bb4490c807ddcd9bf319567827940437 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). Source downloaded (UTC): 2026-09-10T00:42:07.607Z to 2026-09-10T00:42:07.607Z Record version: sha256:c0995ace38a0c3c2ecea861f4ed005b1dd9e24b27eacb93601163a10dd21e8c4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-15-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/605/15/#sec-99-sec-materials) SEC content: yes ##### [605-15-S99-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:07.607Z to 2026-09-10T00:42:07.607Z Record version: sha256:230ba5f16abab2813124d83009bb772880f167380850aa5c48dc3edd42154890 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). ##### [605-15-S99-2](https://asc.understandingaccounting.org/asc/605/15/#605-15-S99-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:07.607Z to 2026-09-10T00:42:07.607Z Record version: sha256:ef6ac5a3610efade85e82e293bddef15550c2b4fcc87791cce127b7b298b5978 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). ##### [605-15-S99-3](https://asc.understandingaccounting.org/asc/605/15/#605-15-S99-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:07.607Z to 2026-09-10T00:42:07.607Z Record version: sha256:116f8f40627ef37a737defb26f6fb697ad640b73419d0929d62fcc1349d3dfc0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-14](https://asc.understandingaccounting.org/updates/asu-2017-14/). Source downloaded (UTC): 2026-09-10T00:42:09.507Z to 2026-09-10T00:42:36.164Z Record version: sha256:37e90c730e6b70bc448885ccaf3742491e197327c04a0dcc28a768afa027d8f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20: Revenue Recognition — Services ### Machine-generated study aids ```json { "summary": "After ASU 2014-09 gutted most of legacy Topic 605, ASC 605-20 survives only as the guidance on recognizing a loss (onerous-contract provision) on separately priced extended warranty and product maintenance contracts. A separately priced contract is one whose price is not included in the original price of the covered product. If expected costs of providing the services plus any capitalized incremental cost of obtaining the contract exceed the related unearned revenue (contract liability), a loss must be recognized.", "key_points": [ "The Subtopic applies to all entities but now covers only separately priced extended warranty and product maintenance contracts (605-20-15-1; 605-20-15-2(a)).", "It does not apply to guarantees accounted for as derivatives under Section 815-10-15, to ordinary product warranties (other than extended warranty/maintenance contracts), or to financial guarantee insurance contracts under Topic 944 (605-20-15-3).", "A contract is 'separately priced' when the contract price for warranty protection or product services is not included in the original price of the covered product (605-20-25-1).", "A loss is recognized when expected costs of providing services plus any asset recognized for incremental costs of obtaining the contract exceed the related unearned revenue (contract liability) (605-20-25-6).", "Contracts must be grouped in a consistent manner to determine whether a loss exists (605-20-25-6).", "The loss is charged first against any recognized asset for incremental costs of obtaining a contract (determined under 340-40-25-1 through 25-4), and only the excess is recognized as a liability (605-20-25-6).", "Revenue recognition for these contracts is now governed by Topic 606; 605-20's revenue and disclosure paragraphs were superseded by ASU 2014-09 (605-20-25-2 through 25-5; 605-20-50-1)." ], "categories": [ "Revenue", "Recognition", "Contingencies and guarantees", "Subsequent measurement" ], "audience_level": "intermediate", "student_note": "Remember that 605-20 is a remnant: revenue on extended warranties is recognized under Topic 606, and only the loss/onerous-contract rule stays here. The common mistake is applying it to ordinary (assurance-type) product warranties bundled into the product price — those go to Topic 460/606, not 605-20.", "related_topics": [ "606", "340-40", "460", "815-10", "944" ], "key_concepts": [ "separately priced extended warranty", "product maintenance contract", "onerous contract loss", "unearned revenue", "contract liability", "incremental costs of obtaining a contract", "product warranty", "contract grouping" ] } ``` Source downloaded (UTC): 2026-09-10T00:42:09.507Z to 2026-09-10T00:42:09.507Z Record version: sha256:1ca605906028bfa4c85204a9004506ccabbb563172b79e5a9213f21dd21d3949 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/20/#00-status) SEC content: no ##### [605-20-00-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:09.507Z to 2026-09-10T00:42:09.507Z Record version: sha256:a8e4518431d7e9a6eaba3987a5993706cbe24a2cb30b5a9f83ab5f4b790ed9d7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
Contract LiabilityAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Retrospective Insurance ArrangementsSupersededAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
605-20-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
605-20-05-2SupersededAccounting Standards Update No. 2014-0905/28/2014
605-20-05-3SupersededAccounting Standards Update No. 2014-0905/28/2014
605-20-15-2AmendedAccounting Standards Update No. 2014-0905/28/2014
605-20-15-3AmendedAccounting Standards Update No. 2014-0905/28/2014
605-20-25-1AmendedAccounting Standards Update No. 2014-0905/28/2014
605-20-25-2 through 25-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-20-25-6AmendedAccounting Standards Update No. 2014-0905/28/2014
605-20-25-7 through 25-19
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-20-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:42:12.336Z to 2026-09-10T00:42:12.336Z Record version: sha256:33ae28d0138c71054963974d1a434d6dc22a49935c7c07825fe65a6184dce20d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/20/#05-overview-and-background) SEC content: no ##### [605-20-05-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:12.336Z to 2026-09-10T00:42:12.336Z Record version: sha256:0c0ab73cb8a6bc3fe7f5a361f15fe8bbd2d3de51b7f3e2d916bf2a084c63df2b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic specifies the accounting for the provision for losses on separately priced [extended warranty](https://asc.understandingaccounting.org/glossary/e/#extended-warranty "An agreement to provide warranty protection in addition to the scope of coverage of the manufacturer's original warranty, if any, or to extend the period of coverage provided by the manufacturer's original warranty.") and [product maintenance contracts](https://asc.understandingaccounting.org/glossary/p/#product-maintenance-contracts "An agreement to perform certain agreed-upon services to maintain a product for a specified period of time. The terms of the contract may take different forms, such as an agreement to periodically perform a particular service a specified number of times over a specified period of time, or an agreement to perform a particular service as the need arises over the term of the contract."). ##### [605-20-05-2](https://asc.understandingaccounting.org/asc/605/20/#605-20-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:12.336Z to 2026-09-10T00:42:12.336Z Record version: sha256:6d46850e8d95af3c287629756fd017ac680e426f3223efd30d72d5833d653948 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-05-3](https://asc.understandingaccounting.org/asc/605/20/#605-20-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:12.336Z to 2026-09-10T00:42:12.336Z Record version: sha256:7803a426380907c636c800426570758b24d27c38d02b6f8a66616d5574ac71cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:42:15.672Z to 2026-09-10T00:42:15.672Z Record version: sha256:4fee6a86532b75c635c6f11681b453a81e822ac82aa6d60bf55b164035b1b6b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/20/#15-scope-and-scope-exceptions) SEC content: no #### Entities ##### [605-20-15-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:15.672Z to 2026-09-10T00:42:15.672Z Record version: sha256:5d811c4595002327c3bfc6877ceadafe094a3b59babd16ce877fd5e5181d19d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to all entities. #### Transactions ##### [605-20-15-2](https://asc.understandingaccounting.org/asc/605/20/#605-20-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:15.672Z to 2026-09-10T00:42:15.672Z Record version: sha256:f912adde641246fb6f8d1c2da1f17cd6d3896d7902ee48d0d2981f23c65121ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to the following service activities and arrangements: 1. a Separately priced [extended warranty](https://asc.understandingaccounting.org/glossary/e/#extended-warranty "An agreement to provide warranty protection in addition to the scope of coverage of the manufacturer's original warranty, if any, or to extend the period of coverage provided by the manufacturer's original warranty.") and [product maintenance contracts](https://asc.understandingaccounting.org/glossary/p/#product-maintenance-contracts "An agreement to perform certain agreed-upon services to maintain a product for a specified period of time. The terms of the contract may take different forms, such as an agreement to periodically perform a particular service a specified number of times over a specified period of time, or an agreement to perform a particular service as the need arises over the term of the contract."). 2. b [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 3. c [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 4. d [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 5. e [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-15-3](https://asc.understandingaccounting.org/asc/605/20/#605-20-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:15.672Z to 2026-09-10T00:42:15.672Z Record version: sha256:f009b9e19dd11e091d591f8a27889f453b3b96a91a8ab9805b36c571101df70e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic does not apply to the following service activities and arrangements: 1. a Guarantees accounted for as derivatives in accordance with Section 815-10-15 2. b Product warranties, except extended warranty or product maintenance contracts. See paragraph [605-20-25-6](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-6). 3. c Guarantees required to be accounted for as financial guarantee insurance contracts in accordance with Topic 944 on insurance. Source downloaded (UTC): 2026-09-10T00:42:17.865Z to 2026-09-10T00:42:17.865Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/20/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:20c34d9108b7cecf1007dacd081c39f4507e10f03338a4497942e78e8c09a2c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/20/#25-recognition) SEC content: no #### Separately Priced Extended Warranty and Product Maintenance Contracts ##### [605-20-25-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:503df7bc98fed6759fb66e39f8ad5212464d5d1e6f78d02f7feee35454a5e4be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Separately priced contracts](https://asc.understandingaccounting.org/glossary/s/#separately-priced-contracts "An agreement under which the customer has the option to purchase an extended warranty or a product maintenance contract for an expressly stated amount separate from the price of the product.") for [extended warranty](https://asc.understandingaccounting.org/glossary/e/#extended-warranty "An agreement to provide warranty protection in addition to the scope of coverage of the manufacturer's original warranty, if any, or to extend the period of coverage provided by the manufacturer's original warranty.") and [product maintenance contracts](https://asc.understandingaccounting.org/glossary/p/#product-maintenance-contracts "An agreement to perform certain agreed-upon services to maintain a product for a specified period of time. The terms of the contract may take different forms, such as an agreement to periodically perform a particular service a specified number of times over a specified period of time, or an agreement to perform a particular service as the need arises over the term of the contract.") provide warranty protection or product services and the contract price of these contracts is not included in the original price of the product covered by the contracts. ##### [605-20-25-2](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:f6f6db7fdd0f95e071e59d1a228d36d6fec708d511affcfe2cc8cd66c6acbadd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-3](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:bbab21efa63ff68f48bd5173782b80f049f403518c4ce500bf9e45e4b2439fae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-4](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:83355cbaa02c3ede7384af83955f0dc231bac3ea7cd4a84e2def9966f1784066 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-5](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:6b44289ef48fddf7b6c682b77359ccf12928fccb254c8c6eade8973c9e9259c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-6](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:a8c1e9b08cc74f7e62ca35f587421ef3ad3c7129180887ef2722ec3a2ecddbd8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A loss shall be recognized on extended warranty or product maintenance contracts if the sum of the expected costs of providing services under the contracts and any asset recognized for the incremental cost of obtaining a contract exceeds the related unearned revenue ([contract liability](https://asc.understandingaccounting.org/glossary/c/#contract-liability "An entity's obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer.")). Extended warranty or product maintenance contracts shall be grouped in a consistent manner to determine if a loss exists. A loss shall be recognized first by charging to expense any recognized asset for the incremental costs of obtaining a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations."), determined in accordance with the guidance in paragraphs [340-40-25-1 through 25-4](https://asc.understandingaccounting.org/asc/340/40/#340-40-25-1) for contracts within scope of Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from contracts with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). If the loss is greater than the recognized asset for the incremental costs of obtaining a contract, a liability shall be recognized for the excess. ##### [605-20-25-7](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:688497a4aa66084f9e252896f3a38de20031435f49ef136df9560bba1d954d09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-8](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:384ac55e54e8dd57c4bb0211a0f535db508387ff8de2e037ea8b74a0916fa10c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-9](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:57c6243821b00763fb74cffa9177e16eed6bd8ac48c731749f9d6d993a8f2b4d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-10](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:957b8485d2b758b3a0b825c1a870cf8f7fa8e1661455c4f8e2c73c8299ea46a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-11](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:fb58e1ccbac51fbc5fe22880c85ac7ad9da67cb903eebfe794c59baa4c15d035 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-12](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:9e92f966a68cc61a6ba5eee0cc6825a166ae78b920ad6ca7126d96cacc598edd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-13](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:5cd5e286ddade7d921aae9e23da62235f3c28debfd01169370227128b313b334 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-14](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:59e08f559afb89d3923e4fb520624bd6c172f6cd97c2030b87b8ef20ff8301f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-15](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:86d08be39e9e6dbbe92b31751f7b4b7a2727b96c2926da832fe36c866ed7962b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-16](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:26c9d541250a25da0931cc9ba5e5c1b9d5b185a5ef531f8c4cc1b1f8f901f345 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-17](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:f2fc5713f3a67804df1049d6d8f9b905ed166162c57cfb3b0d7f7450a04206bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-18](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:326ca7b350104709ad3ba94a30f83d20c9eab971a3a7c393921083994c296748 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-20-25-19](https://asc.understandingaccounting.org/asc/605/20/#605-20-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:21.141Z to 2026-09-10T00:42:21.141Z Record version: sha256:74d9caa2b6b59c2eafc82e2ad33365bddb3bf8a64f47d0f75243978ea6a3f884 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:42:23.675Z to 2026-09-10T00:42:23.675Z Record version: sha256:f150a5b5a8785ba3524ab38b3cb7ba90477ebdae77e70599498dc1f3096cd4e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/20/#50-disclosure) SEC content: no ##### [605-20-50-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:23.675Z to 2026-09-10T00:42:23.675Z Record version: sha256:58e5f5cf5809bea4dbbc8d4262e9602bbd06b942f8be0316174871ddbed1704a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:42:26.068Z to 2026-09-10T00:42:26.068Z Record version: sha256:9b1f38420e7890ddc8a33dbcec316225bedc6f661c7ed6b4d3a5ceb1a15d9ffa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/20/#sec-00-status) SEC content: yes ##### [605-20-S00-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:26.068Z to 2026-09-10T00:42:26.068Z Record version: sha256:20286bb16738bed298b42a891d2393e060575e7eb99980b0239e9822075d87d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
605-20-S25-1SupersededAccounting Standards Update No. 2016-1105/02/2016
605-20-S25-2SupersededAccounting Standards Update No. 2017-1309/29/2017
605-20-S50-1SupersededAccounting Standards Update No. 2017-1309/29/2017
605-20-S99-1SupersededAccounting Standards Update No. 2017-1309/29/2017
605-20-S99-1AmendedAccounting Standards Update No. 2010-0401/15/2010
605-20-S99-2SupersededAccounting Standards Update No. 2016-1105/02/2016
Source downloaded (UTC): 2026-09-10T00:42:28.164Z to 2026-09-10T00:42:28.164Z Record version: sha256:1cceecca33467ee400eb17964d79f972ef85edd16d14c7827664daacd648cff9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-S25: SEC 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/20/#sec-25-recognition) SEC content: yes ##### [605-20-S25-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-S25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:28.164Z to 2026-09-10T00:42:28.164Z Record version: sha256:9807f10716cb56b3bd08ae5eb9348d49727c8c6870e501d75d26f305b40cd7ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-11](https://asc.understandingaccounting.org/updates/asu-2016-11/). ##### [605-20-S25-2](https://asc.understandingaccounting.org/asc/605/20/#605-20-S25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:28.164Z to 2026-09-10T00:42:28.164Z Record version: sha256:4a1d6975e17ac073224737e9e64e21efe70513db5282331ba14959df31afeea0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-13](https://asc.understandingaccounting.org/updates/asu-2017-13/). Source downloaded (UTC): 2026-09-10T00:42:32.154Z to 2026-09-10T00:42:32.154Z Record version: sha256:07c727d3632f7cd0b2e3b35c14a9dd8a1f1d6d3200f5de9384533ab5e18b31db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/20/#sec-50-disclosure) SEC content: yes ##### [605-20-S50-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-S50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:32.154Z to 2026-09-10T00:42:32.154Z Record version: sha256:0c9e11c534900274b52fd97fd05377682e7ce8e380f7c4b21a16d8d56819421c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-13](https://asc.understandingaccounting.org/updates/asu-2017-13/). Source downloaded (UTC): 2026-09-10T00:42:36.164Z to 2026-09-10T00:42:36.164Z Record version: sha256:f02adeb75d0134970a6424cbced43e034f3ab9fb561b63161e0771486f9e1deb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-20-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/605/20/#sec-99-sec-materials) SEC content: yes ##### [605-20-S99-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:36.164Z to 2026-09-10T00:42:36.164Z Record version: sha256:c2c49157245d3fb84b2cc205f1a180159de7b776ad8a05eb14a1fb0bb6684c93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-13](https://asc.understandingaccounting.org/updates/asu-2017-13/). ##### [605-20-S99-2](https://asc.understandingaccounting.org/asc/605/20/#605-20-S99-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:36.164Z to 2026-09-10T00:42:36.164Z Record version: sha256:aafc87813751f805feeee232e5ba19038a02c2461907fc51e94dc6ea062d6e61 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-11](https://asc.understandingaccounting.org/updates/asu-2016-11/). Source downloaded (UTC): 2026-09-10T00:42:38.143Z to 2026-09-10T00:43:01.961Z Record version: sha256:18b9eca251cb2301f3f35b4d2c1d86e256718ce529e91488d067607ae8fc6953 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25: Revenue Recognition — Multiple-Element Arrangements ### Machine-generated study aids ```json { "summary": "ASC 605-25 was the legacy guidance on multiple-element (multiple-deliverable) revenue arrangements — how a vendor decided whether deliverables in one contract were separate units of accounting and how to allocate arrangement consideration among them. Every paragraph of the subtopic has been superseded, principally by ASU 2014-09 (Revenue from Contracts with Customers), with a few earlier paragraphs superseded by ASU 2009-13. There is therefore no operative guidance left in 605-25; entities apply ASC 606 (and ASC 340-40) instead.", "key_points": [ "All sections of 605-25 (05, 15, 25, 30, 50, 55, and the 65 transition paragraph) consist solely of paragraphs marked 'superseded,' so the subtopic imposes no current requirements.", "ASU 2014-09 superseded the bulk of the subtopic, including scope (605-25-15-1 through 15-4), separation criteria (605-25-25-1 through 25-6), measurement/allocation (e.g., 605-25-30-1, 30-2, 30-4 through 30-7), disclosure (605-25-50-1 and 50-2), and implementation guidance and illustrations (605-25-55-1 through 55-93).", "ASU 2009-13 (the earlier multiple-deliverable amendments that introduced the selling-price hierarchy and eliminated the residual method) superseded 605-25-30-3, 30-8, 30-9 and 605-25-55-48 through 55-50.", "The transition paragraph 605-25-65-1 is itself superseded, confirming that no legacy transition relief remains in this subtopic.", "Multiple-element questions are now answered under ASC 606: identifying performance obligations (606-10-25-14 through 25-22) and allocating the transaction price on a relative standalone selling price basis (606-10-32-28 et seq.).", "Historical financial statements and comparative periods prepared before the ASC 606 adoption date may still reflect 605-25's unit-of-accounting and selling-price-hierarchy (VSOE, TPE, best estimate of selling price) model." ], "categories": [ "Revenue", "Recognition", "Transition and effective dates" ], "audience_level": "intermediate", "student_note": "Know this subtopic as history: the legacy 'separate unit of accounting' and relative-selling-price allocation model was replaced by ASC 606's performance obligation and standalone selling price framework. The common mistake is citing 605-25 as live authority or assuming its separation criteria (e.g., standalone value, general right of return) still control — they do not.", "related_topics": [ "606", "340-40", "605", "985-605", "808" ], "key_concepts": [ "multiple-deliverable arrangements", "unit of accounting", "separation criteria", "allocation of arrangement consideration", "relative selling price method", "vendor-specific objective evidence", "superseded guidance", "performance obligation" ] } ``` Source downloaded (UTC): 2026-09-10T00:42:38.143Z to 2026-09-10T00:42:38.143Z Record version: sha256:c8e0fbb8ff2c99bfa9d9abce6795c42801fcc791320169a75e1df1837afe2cd4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/25/#00-status) SEC content: no ##### [605-25-00-1](https://asc.understandingaccounting.org/asc/605/25/#605-25-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:38.143Z to 2026-09-10T00:42:38.143Z Record version: sha256:3f9353ee694d06b0faff455bd89ce0dbcd6e8aab78171087d8007cf430dae7d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Fair ValueSupersededAccounting Standards Update No. 2014-0905/28/2014
Fair Value (3rd def.)AddedAccounting Standards Update No. 2012-0410/01/2012
Market ParticipantSupersededAccounting Standards Update No. 2014-0905/28/2014
Orderly TransactionSupersededAccounting Standards Update No. 2014-0905/28/2014
Related PartiesSupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-05-1AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-05-2SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-05-2AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-15-1 through 15-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-15-2AAmendedAccounting Standards Update No. 2010-1704/28/2010
605-25-15-3AAmendedAccounting Standards Update No. 2015-1006/12/2015
605-25-15-3AAmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-15-4AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-25-1 through 25-6
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-25-2AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-25-5AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-25-6AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-30-1 through 30-7
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-30-2AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-30-3SupersededAccounting Standards Update No. 2009-1310/07/2009
605-25-30-4AmendedAccounting Standards Update No. 2012-0410/01/2012
605-25-30-4AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-30-5AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-30-6AAddedAccounting Standards Update No. 2009-1310/07/2009
605-25-30-6BAddedAccounting Standards Update No. 2009-1310/07/2009
605-25-30-6CAddedAccounting Standards Update No. 2009-1310/07/2009
605-25-30-7AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-30-8SupersededAccounting Standards Update No. 2009-1310/07/2009
605-25-30-9SupersededAccounting Standards Update No. 2009-1310/07/2009
605-25-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-50-1AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-50-2SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-50-2AddedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-1 through 55-47
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-55-1AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-2AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-3AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-7AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-8AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-9AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-11AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-12AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-15AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-17AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-19AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-23 through 55-30
AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-32AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-34 through 55-47
AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-48SupersededAccounting Standards Update No. 2009-1310/07/2009
605-25-55-49SupersededAccounting Standards Update No. 2009-1310/07/2009
605-25-55-50SupersededAccounting Standards Update No. 2009-1310/07/2009
605-25-55-51 through 55-93
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-25-55-51 through 55-56
AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-56AAddedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-56BAddedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-57 through 55-61
AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-68AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-69AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-73AmendedAccounting Standards Update No. 2009-1310/07/2009
605-25-55-75 through 55-93
AddedAccounting Standards Update No. 2009-1310/07/2009
605-25-65-1AddedAccounting Standards Update No. 2009-1310/07/2009
Source downloaded (UTC): 2026-09-10T00:42:40.294Z to 2026-09-10T00:42:40.294Z Record version: sha256:fd0a18092153c3048aba5a995ad73a0585fde921eb57ca1057201033b33c891d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/25/#05-overview-and-background) SEC content: no ##### [605-25-05-1](https://asc.understandingaccounting.org/asc/605/25/#605-25-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:40.294Z to 2026-09-10T00:42:40.294Z Record version: sha256:3529d0bc2c46ada4d3e47ed1e8d201c0452d32f23df4e0b4102e831f327e9c4c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-05-2](https://asc.understandingaccounting.org/asc/605/25/#605-25-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:40.294Z to 2026-09-10T00:42:40.294Z Record version: sha256:f3a9f56b990f62c837e8e401354b4cceb2450917a57778216c6069d7c000a835 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:42:43.717Z to 2026-09-10T00:42:43.717Z Record version: sha256:76bfa33640d66058a7ba9ef19d1e7f0c3c548075338e94a6078b12f087df5679 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/25/#15-scope-and-scope-exceptions) SEC content: no ##### [605-25-15-1](https://asc.understandingaccounting.org/asc/605/25/#605-25-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:43.717Z to 2026-09-10T00:42:43.717Z Record version: sha256:e61228a215403d39346daf9eec60f3c554b28150f08d331038efa80c9bd60790 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-15-2](https://asc.understandingaccounting.org/asc/605/25/#605-25-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:43.717Z to 2026-09-10T00:42:43.717Z Record version: sha256:c92b841a7e23b2f94e385036d0f7a6874c53669abc23da6555db92a2bb7d4f22 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-15-2A](https://asc.understandingaccounting.org/asc/605/25/#605-25-15-2A) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:43.717Z to 2026-09-10T00:42:43.717Z Record version: sha256:9762155a685285c358a132323946de29e1ddd3fe2d9cdbefd9e6761223406680 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-15-3](https://asc.understandingaccounting.org/asc/605/25/#605-25-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:43.717Z to 2026-09-10T00:42:43.717Z Record version: sha256:e7247e73d31f107d6242fd4849fb834fc5a6ab6771bbc0cfe899319e54b000cf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-15-3A](https://asc.understandingaccounting.org/asc/605/25/#605-25-15-3A) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:43.717Z to 2026-09-10T00:42:43.717Z Record version: sha256:58436a097514000caa5d6c41deea5ddbf83e3068c3816b8170104f76324fcaeb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-15-4](https://asc.understandingaccounting.org/asc/605/25/#605-25-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:43.717Z to 2026-09-10T00:42:43.717Z Record version: sha256:41c0ed1d83e389701e1864e693b12cf584c1ef6671fc1650cd6100fccc15a6d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:42:45.572Z to 2026-09-10T00:42:45.572Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/25/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:42:48.811Z to 2026-09-10T00:42:48.811Z Record version: sha256:97d3c5182bc94104616cdb2aac60fe115604c52b7640a4ee85cf2adc30e677b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/25/#25-recognition) SEC content: no ##### [605-25-25-1](https://asc.understandingaccounting.org/asc/605/25/#605-25-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:48.811Z to 2026-09-10T00:42:48.811Z Record version: sha256:dcfe67a34ee7da43bc3d5c72a0376867b7c65d291b1a86152627b001f82ff4d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-25-2](https://asc.understandingaccounting.org/asc/605/25/#605-25-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:48.811Z to 2026-09-10T00:42:48.811Z Record version: sha256:0e4058c2bb54943a0e0d77a5832497d2791ba5418c7549ab30d7773410e89cdd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-25-3](https://asc.understandingaccounting.org/asc/605/25/#605-25-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:48.811Z to 2026-09-10T00:42:48.811Z Record version: sha256:bcd65cef4c4674ad1adf625b1118b20928d46072b0d604987466e9f88949a674 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-25-4](https://asc.understandingaccounting.org/asc/605/25/#605-25-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:48.811Z to 2026-09-10T00:42:48.811Z Record version: sha256:6639b0c7c99c020814605603c4ff886b922f4b34617ffc1a9ba1653d7d536179 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-25-5](https://asc.understandingaccounting.org/asc/605/25/#605-25-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:48.811Z to 2026-09-10T00:42:48.811Z Record version: sha256:d1c754312b0ce62e270caf446c2c594a5f4ab167e0948e672eae7c7ae555d22c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-25-6](https://asc.understandingaccounting.org/asc/605/25/#605-25-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:48.811Z to 2026-09-10T00:42:48.811Z Record version: sha256:e590bf4cac28587ca8acda30bdad376a16e77fd74e91653c2dad2b00a07d250a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:9264b2e499754ebdaebf061c9ef1e4065abb7cda01c4529c6651a0bf2ff0a69d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/25/#30-initial-measurement) SEC content: no ##### [605-25-30-1](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:8503a21a77d58bae9af0b13447d42615d638ede06c783d80037ce673551c7ada Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-2](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:c31a5fae4f21145a4baf7abc736b76c366cd6dd43eac75b826f148b391fdb147 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-3](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:59297fb7d2ebffe217764441a24134ee5d11488a25a82854f048fae299486cf8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2009-13](https://asc.understandingaccounting.org/updates/asu-2009-13/). ##### [605-25-30-4](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:12eedf36b061469b255adbe3d1c9a18fd642d155bba17ebea7aea837389b16c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-5](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:7a8bed5e76f24a66e4728cdc3fa5714d63a951e028ba76b3ffc1197262841fd1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-6](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:1ef0a2c07e6b02c55f5b7edb16af78238e12cd7808de771d7cc0f38b9a2643d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-6A](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-6A) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:1f5e8508dc9264aa752c79e62be8c5bd6c16947812d57be8ba9b3d66cb97e18e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-6B](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-6B) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:5444d9210f51fe2483e9a68b85d97f6c4a1093d99dfa4880c5fc2d6a32dd79d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-6C](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-6C) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:c4cc2bed26db5f97fdac6fb21aabaa099d9197c02c0a282cd39050722db8cebb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-7](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:7d6f972babd60c21b1cbeea623e16c1ce4fd7edad5ae3c1319d31834a51fb42d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-30-8](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:223021f975301bb7cae88887d27eeff95cd6c7fea4de2f5178adf1bdc67ef09f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2009-13](https://asc.understandingaccounting.org/updates/asu-2009-13/). ##### [605-25-30-9](https://asc.understandingaccounting.org/asc/605/25/#605-25-30-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:52.369Z to 2026-09-10T00:42:52.369Z Record version: sha256:ccecd9aad2b892b5d884cab2389f5d0b94f61c1e25d41627cbc34656f31ed5ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2009-13](https://asc.understandingaccounting.org/updates/asu-2009-13/). Source downloaded (UTC): 2026-09-10T00:42:55.294Z to 2026-09-10T00:42:55.294Z Record version: sha256:9757c9bbbf0902d6be72fcd1a154e00445a44161e22cb7c452115505eba3d3c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/25/#50-disclosure) SEC content: no ##### [605-25-50-1](https://asc.understandingaccounting.org/asc/605/25/#605-25-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:55.294Z to 2026-09-10T00:42:55.294Z Record version: sha256:d9d53aff013f40820e07446a7d5c9b37273c58e0b97cad8b0af1b6b74d52bdfa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-50-2](https://asc.understandingaccounting.org/asc/605/25/#605-25-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:55.294Z to 2026-09-10T00:42:55.294Z Record version: sha256:157614f62dec0204925e3db21132c9fdd135abcc08a221212adb989b56045d51 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:c32f01ab34b3b3cd05a03660d076f9bd0fb0bb42e6f770523f1ce02e2235aa3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/25/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-25-55-1](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:ba4e838b1f8693a1fbd2c2f1b18f7bd388f6cfd6fc9120194e1839641b637b3e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-2](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:4ad18cab61dbce52ac52539162513237f3b0906082a73c57a199d1fd638c0765 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-3](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:9ed3da8de6a329e5601ca314e2891ecfad05bc61b216949b660769b5f9a8f6e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-4](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:33a6b4f6c4aa07007116cd98c56daa3236cda5f92949c5185d4f2b8100a35614 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-5](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:69d39dd5bbebe45f5255fad97cd39af5a0dfc9af89fb876bccf92cc471d32573 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-6](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:50b07772bcd6116f69768c52086ba32226e83889de93e3e644ecf43dbf8f9b5a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-7](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:6ce939ddf1d1802a00948ad04d9c8b160869412726c9a26f5c12535df1025e1d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-8](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:89bfab922fe9c403398f8635f0d245598df78bbcd39b44b591b59b1f12349e0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-9](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:06cc0880179b920070441b38a974ffab89841876f1158092cf3d0ca449f753ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-10](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:fefaa20712883b6e372daa665828a316751a5eba5c9f14bf331a9024b1d1ad69 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-11](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:343c36635c1d2e32f2e68c3dce0d49fef91ccf495a6d50333d93fc039e41194e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-12](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:ea3c42e87616d8ea7853a4e2449ab62f46fbb7b0d9dbff5833050841e413df6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-13](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:03dc0ed45a8db7ace3499a02757f395585639154b14ef4f89a69c4050a92a43b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-14](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:6f814b41733f3c5a96efd71991775a60950ad4de82ef78f8395c49fa15a93c0e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-15](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:2d274cb452b8202861288d5e25f6f50affd2ae641c32172271ece778afa495d7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-16](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:3951c8cb1a89d52f47d595e309171e8fc61b1a67ba4fde829f78df1125c8b30f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-17](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:00e896fa66062154a00c01153920f3a465cdc9d6ef65f3366ffa406e8f00f7ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-18](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:e13e7d6ac1ed2f408c5189a9424e7a8a41dbf7ede24f9a839fdf045f20f7cc19 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-19](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:59cf58ddb2531af4bbc01de6f83ca455f3e05f084f242bf11923bdb7d26b38b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-20](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:c1515d3be0c34b9b9d5cf153f76e76a0218cfc4652d08a7fde4ee1a5a0dfba0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-21](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:4a98f87e36e2ad705376e5f14d8924deae6539fd2bcd50c7d92a7d4266383dd3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-22](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:2702a7e98229185eaf15fc68c3c5a0c61f5ebfd690b0b49f4f41d9141f422194 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-23](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:47799a2da0b6842e0283fdc4c2d135a6cfe85b3ee75b9a1f9dac9e90a80eb12e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-24](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:a147d3f9aece84780732c9f937616010236ff61232ee79c262c6527070d4b06a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-25](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:2376cc0dad1dd7be69c7470dfb9ce16b4cba82adaf2480090d61675696b38b17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-26](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:fac3becd2526c44eb0e60bca296652819261eaf973f113ab8cb7c996258d4c45 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-27](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:d4350d74af6f2a8d88b5bc0c20f636b17f0750a1fda5ff15afa7eab868194e89 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-28](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:fe7142a71063a61de55ae86c9ee988fbec6391af47640f6c9ecc9704d5c1b35b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-29](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:20f29e1c67938c289019546899a54aa495cf8c0cfd8829d18bcaf0df035345bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-30](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:7c126b2e2571ffc611eb1a59bd79ceddd77fa6bf159859b6f495bf15c399d02a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-31](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:387469230240baf6edc051c80a85e02710bb86e9af6b4554f4bc5e4cbdea485d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-32](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:2878a18c8cfbfb612a43f57acfcf619a9d53620b1785dda884bd340ae30b3268 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-33](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:667fadd5f2684036d60be50b56e8ca96c286e34dff3203e34b793d9e3f60d294 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-34](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:536b30fda374ed6bc4cf3d4e1a94d476c06907fddeeb6fb2a0369e188afa49ba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-35](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:06c62147387b2e463cd1d6ae1af72445216b2102d723a3170235e170ea605420 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-36](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:dbb739d0c118ccc63d1e2837aee143ef3463e490c51abd45f6c4afe9770c0bcb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-37](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:68577071f0ee05fbcf9e8c58f393782939550d4e28e6b3acb0c4146bc68c70c9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-38](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:6633a51aa26a0a60306047ba5396fe9be019cf2699ad51967964dab1259731f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-39](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:c702b0ca310c954146f4dfae39019648fa4411c9e821fc716c7ab509a047d545 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-40](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:e4328e166a438a066d5579a76f6346f1e7fe721ae95f447d07eece1b903c85c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-41](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:12d75298a423245191c1bd0696857cbf1a59264cfdad9884c95fabaaa0d8c6f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-42](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:739053a57f9553c75f15d745abe2956e58d54b0b79176822dcef98b2c7a6b8b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-43](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:9ff775a33cc1789396e834e4461110062ce94c8a99ff8fb2db9ce383c4e82aff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-44](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:ef50e5dd39e922fef738848d6a5969a9fe82125b7ef218ff4ac9007d2377da9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-45](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:051ba836c4a9bdd0a43de2f3c6aa9fa46f71cea9996202175db948a6bbb74b59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-46](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-46) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:813145d8ef44b6ce692c9b21819eb990645af0f8f679b26b111499e7d97518a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-47](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-47) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:dd40716b6906778f52bcef587fa9bce802200b702b78738c672647d5eea844b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-48](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-48) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:9f16d9bf58a86e9762161b453fb8108ef041a76be39921a8d315ac1f0ac43c43 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2009-13](https://asc.understandingaccounting.org/updates/asu-2009-13/). ##### [605-25-55-49](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-49) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:bf1aead5503a553184e797e77dbbd33f6aff7870866e1826f62f5bdca77a0895 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2009-13](https://asc.understandingaccounting.org/updates/asu-2009-13/). ##### [605-25-55-50](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-50) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:fce00ffc7b15cc8cdf24be962e2f8b762234e3b165ac72b8c40ef88f0a401f73 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2009-13](https://asc.understandingaccounting.org/updates/asu-2009-13/). ##### [605-25-55-51](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-51) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:24b3587e6dc29cc0dbb03f168251375f7d71601c107a4737a3074e58840019c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-52](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-52) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:08752fad5946fe51e5a49114888c09c082b16d7eb1fea27ae88089d07742028f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-53](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-53) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:d1135f70751bad3e877c14eb50f979a4af0c7f5c6df13f112ec1bffc88279a43 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-54](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-54) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:6e8ffb1adfb5f14f6206fab52c4a528c13921a8fb1d47c11046bb9bb8139f855 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-55](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-55) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:60bbe2b40aa1a932da84e007d470147584e2da55798b258fce14eb331011cb6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-56](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-56) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:1c5862d76a28a1ad64bafd5ace83a7605b3431eb38bb865c845425bd00347941 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-56A](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-56A) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:40a39167021cd8b56ba11b91876a3858b07c905edb3856314c5abba6fe163ba0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-56B](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-56B) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:9e19e5e74165369b9eee5d2dfa5c20c1e48a76db8860b650545e4ac29bcbf5aa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-57](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-57) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:a192cd382c662f8857f2dba0f21ff83a8031a43d471ba56152ba9ec13ee732fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-58](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-58) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:85c5d9940817ac7bba4d28eb37ab7fcf96e30edb2ba8049677ef7104e847b6f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-59](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-59) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:33bb214b414c5d55aa6992e33c5cdc37b1f8a804ed4e304677d8e36b731b07e3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-60](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-60) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:8b977af4e28f31546c93fc7a602dc32b376b768053062476a05fdd1061360529 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-61](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-61) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:7a5c69ff4701e3386c70d54928f2dc3c6b359d4506c7e9db29e5ed5c7e127c90 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-62](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-62) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:510a84c67af1aff27d9edb08c397c8208d315f6d426f1f02d1524ee635e981bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-63](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-63) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:abe6e3e281374ee2bf0419475b932db549eeaf8ad8576a0dd6c92dec3c69751d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-64](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-64) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:66df6cf2a3a6c2244d23531955129ed67ad4760cde15af769dce9003d136dbce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-65](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-65) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:f4cad829e530081726975f64ecd4501565fb744e3314689cb39597c208a5e526 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-66](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-66) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:f01257f10423b9dab4fd08e5f4a3e18c0d114331cd70ec08f69d503d831eb115 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-67](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-67) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:bec81de5389ff26fec50e6b218054ef5c43f0260304fa4f5975765bc0c09ba56 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-68](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-68) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:68f133053415fa82b4424c181a29aa0e03617859018e6b98df85d512e88a599a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-69](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-69) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:b3ca1da2156bf6ac27d40e0dd9b9695ffd80c539ac836b823a1aba4d59223bc5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-70](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-70) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:9e474a2f11010b9b943a9ad1a3ee64d6767628a84c1317500ded6ff63d3fce50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-71](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-71) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:4a25cd34217735155acb96db27db088ec9c037108dba5578346a423be0731823 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-72](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-72) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:025e9736bde2a8204075b90af972ea14805e91b2910210ad5bde99e534bab315 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-73](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-73) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:eac1fcc54646221a09a6e6bd833520517ca648751c4def5dcba90e5b7d3af2d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-74](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-74) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:e9142df73dd48a25aaa406ccbb8b8f3360fbafe98447b6136ffbeda854b5cd1b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-75](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-75) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:55967d4496c9a1ca87cbf7f44e9e30a884db899b487bec6eb5c6248a93c94618 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-76](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-76) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:070a9049b026e64432acf66f497c075755122f4b2814065823a029de5981ee9f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-77](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-77) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:03344a136bd1a56d68b13f0d64c105dd3a9d0025fe75fe5e2162ef181d00ed28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-78](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-78) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:f3068118b4701cf80da0fe419dda228d699a2cd44a9b826cb3fe91b605cce9fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-80](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-80) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:827c6f45e4e08e872cc3ec7e00ae1c297aca0bbc19e497de3b3b7b3bf0d716a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-81](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-81) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:3a011cc79a127d53ffbc740a2d1ce24cf0e6cd13e5dd77ab69804e64f870d0f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-82](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-82) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:98782e5049bd730c40652085cb07d287a75096f99d0c97ee95ae4c117338273f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-83](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-83) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:162a27582bb9a196668483b39c189872464ed535289f707081982d6a2e38751e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-84](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-84) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:57a9a64067cd8c6b801f1caac913b8f80970e4bf34cf1e48ed450f4dd3f91b6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-85](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-85) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:10b40d56b91c5885f476f52a799d3fcddd00890e355836ed4cc47c5728ace4e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-86](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-86) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:d8262744652ae9b03cb10d5a08e31ac7b165a4fb431072026bf6f809a24918b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-87](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-87) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:180491ffb26459e39a9f0db67a99998f648f55cca7d683b036ecc20f8775aa23 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-88](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-88) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:3c43c4a62bfbb7bc8fef87b21e271b004a9846d41eec2ba2ed99f856ae8dd163 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-89](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-89) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:0b01089bf317948a80f1d1e84bbd45a399f2ef942183044749d36d4e7ac235ba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-90](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-90) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:adfd716227926727464abeee5b634b00ba84d5325222b9e8dd694d19be8e80c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-91](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-91) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:c3080657a42b0fc528e5566c336cbb943e48708e3278f609039eb79b6cc8720c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-92](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-92) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:e7284c11bd1d84a0c5147d809e7a31bd7882ff4c49fd8bd6ecebf7e019a013d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-25-55-93](https://asc.understandingaccounting.org/asc/605/25/#605-25-55-93) Pending content: no Source downloaded (UTC): 2026-09-10T00:42:58.410Z to 2026-09-10T00:42:58.410Z Record version: sha256:be4068a3d6facb74a161fc3541b31394503fe678bc577c32c1fdd78d9ff69468 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:01.961Z to 2026-09-10T00:43:01.961Z Record version: sha256:f2aac70498ffcd25316fa085344bc139100fdffad9eabe644c3683ec081f8fa4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-25-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/605/25/#65-transition-and-open-effective-date-information) SEC content: no ##### [605-25-65-1](https://asc.understandingaccounting.org/asc/605/25/#605-25-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:01.961Z to 2026-09-10T00:43:01.961Z Record version: sha256:e7c89fb241f6fa1a171f21b1b2ce8d020faad47ee8d2d578475b71a74feb30d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:06.050Z to 2026-09-10T00:43:22.056Z Record version: sha256:b439eade290f6b2641bb3832fdf7564b463c0481ca27f0f823f37cae4bb49ea6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-28: Revenue Recognition — Milestone Method ### Machine-generated study aids ```json { "summary": "ASC 605-28 formerly provided the \"milestone method\" of revenue recognition, an accounting policy election that allowed a vendor in a research-and-development arrangement to recognize contingent milestone consideration in its entirety in the period the milestone was achieved, if the milestone was deemed substantive. Every paragraph of this subtopic — scope, recognition, disclosure, and transition — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). Milestone-type contingent consideration is now accounted for as variable consideration under ASC 606, subject to the constraint on variable consideration.", "key_points": [ "Every paragraph of ASC 605-28 (605-28-05-1, 15-1 through 15-4, 25-1 through 25-3, 50-1, 50-2, and 65-1) was superseded by Accounting Standards Update No. 2014-09.", "Because the subtopic contains no operative guidance, the milestone method is no longer an available accounting policy for entities that have adopted ASC 606.", "Consideration contingent on achieving a milestone is now evaluated as variable consideration under ASC 606-10-32-5 through 32-14, including the constraint on estimates of variable consideration.", "The subtopic remains in the Codification only as a historical shell; researchers should treat it as superseded legacy GAAP and look to ASC 606 and ASC 340-40 instead.", "Legacy financial statements or comparative periods prepared before ASC 606 adoption may still reflect milestone method policy elections and the related disclosures formerly required by 605-28-50." ], "categories": [ "Revenue", "Recognition", "Transition and effective dates", "Disclosure" ], "audience_level": "intermediate", "student_note": "Know this subtopic mainly as a dead letter: the milestone method was eliminated by ASU 2014-09, so exam answers about milestone payments should apply ASC 606's variable consideration and constraint analysis. The common mistake is assuming milestone payments can still be recognized in full when achieved simply because the milestone is \"substantive.\"", "related_topics": [ "606", "606-10", "340-40", "605-25", "808", "730-20" ], "key_concepts": [ "milestone method", "superseded guidance", "substantive milestone", "research and development arrangement", "contingent consideration", "variable consideration", "accounting policy election" ] } ``` Source downloaded (UTC): 2026-09-10T00:43:06.050Z to 2026-09-10T00:43:06.050Z Record version: sha256:e1d2326b9ecab3a72b4a890bfe8e4dfc288bbd9efc8c822beab4c879d5bcb375 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-28-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/28/#00-status) SEC content: no ##### [605-28-00-1](https://asc.understandingaccounting.org/asc/605/28/#605-28-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:06.050Z to 2026-09-10T00:43:06.050Z Record version: sha256:c41176164c76c443df9fae50bdb0472e7781a4433f4393daa690dbdf5e1ea2d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Milestone (2nd def.)SupersededAccounting Standards Update No. 2014-0905/28/2014
MilestoneAddedAccounting Standards Update No. 2010-1704/28/2010
605-28-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-28-05-1AddedAccounting Standards Update No. 2010-1704/28/2010
605-28-15-1 through 15-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-28-15-1 through 15-4
AddedAccounting Standards Update No. 2010-1704/28/2010
605-28-25-1 through 25-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-28-25-1 through 25-3
AddedAccounting Standards Update No. 2010-1704/28/2010
605-28-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-28-50-1AddedAccounting Standards Update No. 2010-1704/28/2010
605-28-50-2SupersededAccounting Standards Update No. 2014-0905/28/2014
605-28-50-2AddedAccounting Standards Update No. 2010-1704/28/2010
605-28-65-1AddedAccounting Standards Update No. 2010-1704/28/2010
Source downloaded (UTC): 2026-09-10T00:43:08.921Z to 2026-09-10T00:43:08.921Z Record version: sha256:12c3ec7a8ce97ec3d68bd1e020b530247a5c22ad88cec35dc979b38a9076ae91 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-28-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/28/#05-overview-and-background) SEC content: no ##### [605-28-05-1](https://asc.understandingaccounting.org/asc/605/28/#605-28-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:08.921Z to 2026-09-10T00:43:08.921Z Record version: sha256:dece2702df6048f6afee06dad10666c295eec5401f3986a7705b13e0806b9616 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:13.009Z to 2026-09-10T00:43:13.009Z Record version: sha256:1ea7115d5a8d3fbee90abd0c0e7478e4e24e3284602f9a89f9f11beb3870857a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-28-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/28/#15-scope-and-scope-exceptions) SEC content: no ##### [605-28-15-1](https://asc.understandingaccounting.org/asc/605/28/#605-28-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:13.009Z to 2026-09-10T00:43:13.009Z Record version: sha256:94de882bbd89d206bf39ac439d10ff4937e1f8e8759239a099a32e00260de138 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-28-15-2](https://asc.understandingaccounting.org/asc/605/28/#605-28-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:13.009Z to 2026-09-10T00:43:13.009Z Record version: sha256:5a4dc0a2ea6dbdecf864bb61ae54d9bae690eeffaf7b3e010ae77ef4a30d3334 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-28-15-3](https://asc.understandingaccounting.org/asc/605/28/#605-28-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:13.009Z to 2026-09-10T00:43:13.009Z Record version: sha256:5805f82ee29f569db3a0128c839b4a4f3867d77ee6a5cdf2a90b9a0ccece78e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-28-15-4](https://asc.understandingaccounting.org/asc/605/28/#605-28-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:13.009Z to 2026-09-10T00:43:13.009Z Record version: sha256:e4054f88565ed79c4d2a9436c5d30fb86c7a868dc3044154ac86bc81fb48bcb2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:15.031Z to 2026-09-10T00:43:15.031Z Record version: sha256:b16ef035b9ffc40d4919a45135a38f2437e5f10453d32e3f5f6382099df8f128 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-28-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/28/#25-recognition) SEC content: no ##### [605-28-25-1](https://asc.understandingaccounting.org/asc/605/28/#605-28-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:15.031Z to 2026-09-10T00:43:15.031Z Record version: sha256:4e0ce5a32d28abe0519d722299d5339ee8aadfd5977d3df6bde967269c2f128d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-28-25-2](https://asc.understandingaccounting.org/asc/605/28/#605-28-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:15.031Z to 2026-09-10T00:43:15.031Z Record version: sha256:5cb3fb590830d1829b4baaa7a9cbb7de230621082ef91e4f672b467f4b154098 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-28-25-3](https://asc.understandingaccounting.org/asc/605/28/#605-28-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:15.031Z to 2026-09-10T00:43:15.031Z Record version: sha256:f71a8583188f91ac20fdf4398812e1a097c122f5bfe7dd5385323a60aceb0eaf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:18.103Z to 2026-09-10T00:43:18.103Z Record version: sha256:6112b04411b80b0bebfbdb2edf38825f935e1294e531ffc154be93bae5e6708a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-28-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/28/#50-disclosure) SEC content: no ##### [605-28-50-1](https://asc.understandingaccounting.org/asc/605/28/#605-28-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:18.103Z to 2026-09-10T00:43:18.103Z Record version: sha256:0667f77d45a951ef502fc8eed3f35e7dd09bb69d30024636cedbd7f41f39f585 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-28-50-2](https://asc.understandingaccounting.org/asc/605/28/#605-28-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:18.103Z to 2026-09-10T00:43:18.103Z Record version: sha256:17129eb9f1d3a18f60d9d58c039e204c5ccdac83b08a61def511dd100980da76 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:22.056Z to 2026-09-10T00:43:22.056Z Record version: sha256:c599324e39d52a73d65eeca9d3a509b5e87ecf4458a344b6635c64389f9e945f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-28-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/605/28/#65-transition-and-open-effective-date-information) SEC content: no ##### [605-28-65-1](https://asc.understandingaccounting.org/asc/605/28/#605-28-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:22.056Z to 2026-09-10T00:43:22.056Z Record version: sha256:12644735f8a1b8d15ad61014e29346e2dfda8d4f5ea1517caa9613574f0fadc1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:25.666Z to 2026-09-10T00:43:32.660Z Record version: sha256:1479df418b425f19c18b52ae1e2508d46d67d41af6c5c3e8cf7d36c699d21007 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-30: Revenue Recognition — Rights to Use ### Machine-generated study aids ```json { "summary": "ASC 605-30 was the legacy revenue recognition guidance for \"Rights to Use\" arrangements (transfers of rights to use property rather than sales of the property itself). Its substantive paragraphs — 605-30-05-1 (overview) and 605-30-25-1 (recognition) — were superseded by ASU 2014-09, so the subtopic is now an empty shell. Arrangements formerly analyzed here are accounted for under ASC 606 (or ASC 842 if the arrangement conveys a lease).", "key_points": [ "605-30-05-1 (overview of rights-to-use arrangements) was superseded by ASU 2014-09 and carries no remaining guidance.", "605-30-25-1 (recognition guidance for rights to use) was superseded by ASU 2014-09 and carries no remaining guidance.", "Because all substantive content is superseded, ASC 605-30 imposes no current recognition, measurement, presentation, or disclosure requirements.", "Revenue from transfers of a right to use is now evaluated under ASC 606's five-step model, including the licensing guidance in 606-10-55-54 through 55-65 where the right relates to intellectual property.", "If a rights-to-use arrangement conveys the right to control the use of an identified asset for a period in exchange for consideration, ASC 842 governs instead of ASC 606 (see 606-10-15-2).", "ASC 605 remains in the Codification only for historical reference and for entities that have not yet applied ASU 2014-09; effective dates and transition are in 606-10-65-1." ], "categories": [ "Revenue", "Recognition", "Transition and effective dates", "Leases" ], "audience_level": "introductory", "student_note": "This subtopic is a placeholder — every paragraph in it has been superseded by ASU 2014-09, so citing 605-30 as live authority is an error. The common misunderstanding is assuming rights-to-use arrangements still have their own special model; today they fall under ASC 606 (licenses of IP) or ASC 842 (leases).", "related_topics": [ "606-10", "842", "605-10", "340-40", "928", "920" ], "key_concepts": [ "rights to use", "superseded guidance", "legacy revenue recognition", "licensing", "five-step revenue model", "scope exclusion for leases" ] } ``` Source downloaded (UTC): 2026-09-10T00:43:25.666Z to 2026-09-10T00:43:25.666Z Record version: sha256:023908b51d839a8d3a412fb5950905e2f030dbc462e236c10fb6b78b37c4a5c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-30-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/30/#00-status) SEC content: no ##### [605-30-00-1](https://asc.understandingaccounting.org/asc/605/30/#605-30-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:25.666Z to 2026-09-10T00:43:25.666Z Record version: sha256:6a423bcf9885694c5531b353fcf30e539335a331eb168457ba132ded8ea60930 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
605-30-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-30-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:43:28.608Z to 2026-09-10T00:43:28.608Z Record version: sha256:1dea447d7020afdee4ab5a25987a5adf75fe9be47410c91cdd9acb9d6e10e480 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-30-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/30/#05-overview-and-background) SEC content: no ##### [605-30-05-1](https://asc.understandingaccounting.org/asc/605/30/#605-30-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:28.608Z to 2026-09-10T00:43:28.608Z Record version: sha256:091dd57001c3f9de9aec576fb7073bb4202a5fe3dee89d5a04989e54fd9229be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:32.660Z to 2026-09-10T00:43:32.660Z Record version: sha256:1b82268367316e7369429d57d06ca16e69691e0fce746969f8cab3a4ab271509 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-30-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/30/#25-recognition) SEC content: no ##### [605-30-25-1](https://asc.understandingaccounting.org/asc/605/30/#605-30-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:32.660Z to 2026-09-10T00:43:32.660Z Record version: sha256:bc8ab619a106e8dce6d688dcbadda220f5ccb9afe9230c7443aae517522b0853 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:35.687Z to 2026-09-10T00:43:57.745Z Record version: sha256:81dfce75989468fec34d7e8083e398c41769220980dd4099973e7b068f5afc90 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35: Revenue Recognition — Construction-Type and Production-Type Contracts ### Machine-generated study aids ```json { "summary": "After ASU 2014-09 superseded the old percentage-of-completion/completed-contract revenue guidance, ASC 605-35 survives only as the loss-provision guidance for construction-type and production-type contracts — contracts built to a customer's specifications. Its core rule is that when current estimates of the consideration expected (measured under Topic 606's transaction price principles, without the variable consideration constraint, and adjusted for customer credit risk) fall below estimated contract costs, the entire anticipated loss is recognized immediately in the period it becomes evident. The subtopic also specifies whether the loss is measured at the contract, combined-contract, or performance obligation level, and how the provision is presented in the income statement and balance sheet.", "key_points": [ "Scope covers all contractors performing contracts for which specifications are provided by the customer — construction, ships, aerospace/electronic equipment, construction consulting, architectural/engineering services, and software arrangements requiring significant production, modification, or customization (605-35-15-1 through 15-3); third-party or marketplace-imposed specifications count as buyer's specifications.", "Excluded are standard manufactured goods sold through regular channels, supply contracts from inventory or continuing production, program-method contracts, consumer service contracts, magazine subscriptions, NFP membership arrangements, leases and other topics with special methods, and federal/cost-plus-fixed-fee government contracts under Topic 912 (605-35-15-6).", "The entire anticipated loss on a contract must be recognized as soon as the loss becomes evident — that is, in the period the estimated consideration less estimated contract cost indicates a loss (605-35-25-45; 605-35-25-46).", "The expected consideration is measured using Topic 606's transaction price determination and allocation guidance in 606-10-32-2 through 32-27 and 32-28 through 32-41, but excluding the constraint on variable consideration in 606-10-32-11 through 32-13, and is adjusted for the effects of the customer's credit risk (605-35-25-46A).", "Contracts are combined for loss purposes only if they meet the criteria in 606-10-25-9 (605-35-25-7); otherwise the loss is measured at the contract level, and an entity may make an accounting policy election, applied consistently to similar contracts, to measure loss provisions at the performance obligation level instead (605-35-25-47).", "Estimated loss costs include all costs allocable to contracts under 340-40-25-5 through 25-8, plus consideration of variable consideration such as target penalties and rewards and price redeterminations, nonreimbursable costs on cost-plus contracts, and change orders accounted for as modifications under 606-10-25-10 through 25-13 (605-35-25-49); cost-type contracts can generate losses through guaranteed maximum reimbursable costs or performance penalties (605-35-25-48).", "Presentation: the provision is reported as additional contract cost (a component of cost in computing gross profit), not as a reduction of contract revenue, and is not shown separately unless material or unusual/infrequent (605-35-45-1); significant loss provisions are shown as a current liability on a classified balance sheet unless deducted from related accumulated costs (605-35-45-2)." ], "categories": [ "Revenue", "Recognition", "Presentation", "Contingencies and guarantees" ], "audience_level": "intermediate", "student_note": "Students often assume ASC 605-35 was wholly wiped out by ASC 606 — in fact it is the one piece of legacy construction-contract guidance that lives on, providing the only U.S. GAAP onerous-contract rule for these contracts (ASC 606 itself has none). The trap is measurement: you use Topic 606's transaction price mechanics but deliberately ignore the variable consideration constraint and add a credit-risk adjustment, and the loss is measured at the contract level unless you elect the performance obligation level.", "related_topics": [ "606-10", "340-40", "912", "985-605", "450-20" ], "key_concepts": [ "provision for anticipated contract loss", "construction-type and production-type contracts", "customer specifications", "contract combination", "performance obligation level policy election", "transaction price without variable consideration constraint", "customer credit risk adjustment", "onerous contract presentation" ] } ``` Source downloaded (UTC): 2026-09-10T00:43:35.687Z to 2026-09-10T00:43:35.687Z Record version: sha256:249c33ce8d670237550a23a8277fe816292dfcbc3a21bfd035c578642d9e62ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/35/#00-status) SEC content: no ##### [605-35-00-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:35.687Z to 2026-09-10T00:43:35.687Z Record version: sha256:e8bacbb0dc0ac539299bd4cb4ea9da8261de5d640ffc7e05cc9b53618a3517b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Performance ObligationAddedAccounting Standards Update No. 2014-0905/28/2014
Profit CenterSupersededAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
605-35-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-05-2 through 05-13
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-15-2AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-15-3AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-15-6AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-1 through 25-6
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-25-7AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-8SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-25-9SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-25-10AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-11 through 25-44
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-25-45AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-46AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-46AAddedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-47AmendedAccounting Standards Update No. 2016-2012/21/2016
605-35-25-47 through 25-49
AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-50 through 25-99
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-45-3 through 45-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-50-1 through 50-11
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-55-1 through 55-10
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:356618da9a3b3d590e3f5becf09b22220e68c796d8927a3a1ac3dc7a619f79a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/35/#05-overview-and-background) SEC content: no ##### [605-35-05-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:f57af79663c5bb3df9e14fc4f216b356fb2c85babaf6b63c41ea8b995730eb0d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on the accounting for a provision for losses on a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") for which specifications are provided by the [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") for the construction of facilities or the production of goods or for the provision of related services. ##### [605-35-05-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:42b87b4355c11b0344f0138706df58fffc3433354f06a319552fee3159531df5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:c0ab58f37c3c87f4675408913a44b84dd3344120ba393cd98b6ec7a9eb8739cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:2d461443048b06e6e1c34d6bc8470885cd410bf546f5cfb0bb08c3af17bf7b9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:1e4668dea1ab716acf8ea160235700ddd482d8d6906ae8a22b716c7b9c3b1e87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:b19565d0a70d946ed68abdac977abaf10a55d7540a28e370444748eb999a2b07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:ffad7fcf9945ac389607cce6e927e89da3ca38c09e505e94aa0d4357b2c0252e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-8](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:4b8141967070a252a3409a59e10fbd70dfb7012fb0d95d0a97781de4e03f487d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-9](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:7dc7ff7e78b099980caa3d166f7c38e5ebc20380a2ec50a9bb524abc8692c781 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-10](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:f8fb0e0178bb124622c43bba70e839a653449ee899b2e25807053fb89b6659d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-11](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:e309c1f2c58dd3bff9f111a6249dfc9377f7a1bf2e59f7297756c0ac8526ffc3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-12](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:1d693f95cb4c935c81cc9034d65f7e98c33300de7c73c37f2b6cee4963c6fe1c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-13](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:8e2ee44098291aa13f7baacd60d68ac49ed8969356b65e3ce3648c71fbc95048 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:b9033f410d608496ea2ecc9bc92e2e42b03d1bf806a49767f3b35d3c396a1571 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/35/#15-scope-and-scope-exceptions) SEC content: no #### Entities ##### [605-35-15-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:5e41a64d03147230710a175de3605cac684f6b5bcd7b7e427c5cbc17449b7600 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to all [contractors](https://asc.understandingaccounting.org/glossary/c/#contractor "A person or entity that enters into a contract to construct facilities, produce goods, or render services to the specifications of a buyer either as a general or prime contractor, as a subcontractor to a general contractor, or as a construction manager."). #### Types of Contracts ##### [605-35-15-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:68502c3243159dac20e39d0ad6ba878ba589c7f0d1f443c1b0191604eab6a0fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to: 1. a The performance of [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") for which specifications are provided by the [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") for the construction of facilities or the production of goods or the provision of related services. However, it applies to separate contracts to provide services essential to the construction or production of tangible property, such as design, engineering, procurement, and construction management (see paragraph [605-35-15-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-3) for examples). Contracts covered by this Subtopic are binding agreements between buyers and sellers in which the seller agrees, for compensation, to perform a service to the buyer's specifications. Specifications imposed on the buyer by a third party (for example, a government or regulatory agency or a financial institution) or by conditions in the marketplace are deemed to be buyer's specifications. ##### [605-35-15-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:037b1af70aafb25e0c7c9fe637d3ea72d74810ff21a922db89ad7e88a5d8b315 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contracts covered by this Subtopic include, but are not limited to, the following: 1. a Contracts in the construction industry, such as those of general building, heavy earth moving, dredging, demolition, design-build contractors, and specialty contractors (for example, mechanical, electrical, or paving). In general the type of contract here under consideration is for construction of a specific project. While such contracts are generally carried on at the job site, this Subtopic also would be applicable in appropriate cases to the manufacturing or building of special items on a contract basis in a contractor's own plant. 2. b Contracts to design and build ships and transport vessels. 3. c Contracts to design, develop, manufacture, or modify complex aerospace or electronic equipment to a buyer's specification or to provide services related to the performance of such contracts. 4. d Contracts for construction consulting service, such as under agency contracts or construction management agreements. 5. e Contracts for services performed by architects, engineers, or architectural or engineering design firms. 6. f Arrangements to deliver software or a software system, either alone or together with other products or services, requiring significant production, modification, or customization of software. ##### [605-35-15-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:e55f95f5447fec3343437f8605929eee1c5e74aff176a1a610c4e8813bd7f772 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contracts covered by this Subtopic may be classified into four broad types based on methods of pricing: 1. a A [fixed-price contract](https://asc.understandingaccounting.org/glossary/f/#fixed-price-contracts "A fixed-price or lump-sum contract is a contract in which the price is not usually subject to adjustment because of costs incurred by the contractor. See also the following common variations of fixed-price contracts: Firm Fixed-Price Contract Fixed-Price Contract with Economic Price Adjustment Fixed-Price Contract Providing for Prospective Periodic Redetermination of Price Fixed-Price Contract Providing for Retroactive Redetermination of Price Fixed-Price Contract Providing for Firm Target Cost Incentives Fixed-Price Contract Providing for Successive Target Cost Incentives Fixed-Price Contract Providing for Performance Incentives Fixed-Price Level-of-Effort Term Contract.") is an agreement to perform all acts under the contract for a stated price. 2. b A [cost-type (including cost-plus) contract](https://asc.understandingaccounting.org/glossary/c/#cost-type-contracts "Contracts that provide for reimbursement of allowable or otherwise defined costs incurred plus a fee that represents profit. Cost-type contracts usually only require that the contractor use his best efforts to accomplish the scope of the work within some specified time and some stated dollar limitation. See also the following common variations of cost-plus contracts: Cost-Plus-Award-Fee Contract Cost-Plus-Fixed-Fee Contract Cost-Plus-Incentive-Fee Contract (Incentive Based on Cost) Cost-Plus-Incentive-Fee Contract (Incentive Based on Performance) Cost-Sharing Contract Cost-Without-Fee Contract.") is an agreement to perform under a contract for a price determined on the basis of a defined relationship to the costs to be incurred, for example, the costs of all acts required plus a fee, which may be a fixed amount or a fixed percentage of the costs incurred. 3. c [A time-and-material contract](https://asc.understandingaccounting.org/glossary/a/#time-and-material-contracts "Contracts that generally provide for payments to the contractor on the basis of direct labor hours at fixed hourly rates (that cover the cost of direct labor and indirect expenses and profit) and cost of materials or other specified costs. Common variations of time and material contracts areas follows: Time at marked-up rate Time at marked-up rate, material at cost Time and material at marked-up rates Guaranteed maximum cost—labor only or labor and material.") is an agreement to perform all acts required under the contract for a price based on fixed hourly rates for some measure of the labor hours required (for example, direct labor hours) and the cost of materials. 4. d [A unit-price contract](https://asc.understandingaccounting.org/glossary/a/#unit-price-contracts "Contracts under which the contractor is paid a specified amount for every unit of work performed. A unit-price contract is essentially a fixed-price contract with the only variable being units of work performed. Variations in unit-price contracts include the same type of variations as fixed-price contracts. A unit-price contract is normally awarded on the basis of a total price that is the sum of the product of the specified units and unit prices. The method of determining total contract price may give rise to unbalanced unit prices because units to be delivered early in the contract may be assigned higher unit prices than those to be delivered as the work under the contract progresses.") is an agreement to perform all acts required under the contract for a specified price for each unit of output. ##### [605-35-15-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:33db7cad17d587e77697e7aae7d4cb1fbf2933a1aa7f267a1603e18d24057d8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Each of the various types of contracts may have incentive, penalty, or other provisions that modify their basic pricing terms. The glossary definitions for each of the contract types listed in the preceding paragraph contain greater detail about the pricing features. ##### [605-35-15-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:965a03d5494a8c3f3b3a2b64149b822b158f53b2e20f07d18f42c1001f1d5c66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contracts not covered by this Subtopic include, but are not limited to, the following: 1. a Sales by a manufacturer of goods produced in a standard manufacturing operation, even if produced to buyers' specifications, and sold in the ordinary course of business through the manufacturer's regular marketing channels, if such sales are normally recognized as the sale of goods and if their costs are accounted for in accordance with generally accepted principles of inventory costing. 2. b Sales or supply contracts to provide goods from inventory or from homogeneous continuing production over a period of time. 3. c Contracts included in a program and accounted for under the program method of accounting. For accounting purposes, a program consists of a specified number of units of a basic product expected to be produced over a long period in a continuing production effort under a series of existing and anticipated contracts. 4. d Service contracts of health clubs, correspondence schools, and similar consumer-oriented entities that provide their services to their clients over an extended period. 5. e Magazine subscriptions. 6. f Contracts of not-for-profit entities (NFPs) to provide benefits to their members over a period of time in return for membership dues. 7. g Contracts for which other Topics in the Codification provide special methods of accounting, such as leases. 8. h Cost-plus-fixed-fee government contracts, which are discussed in Topic 912, other types of cost-plus-fee contracts, or contracts such as those for products or services customarily billed as shipped or rendered. 9. i Federal government contracts within the scope of that Topic. 10. j Service transactions between a seller and a purchaser in which, for a mutually agreed price, the seller performs, agrees to perform at a later date, or agrees to maintain readiness to perform an act or acts, including permitting others to use entity resources that do not alone produce a tangible commodity or product as the principal intended result (for example, services, not plans, are usually the principal intended result in a transaction between an architect and the customer of an architect). Source downloaded (UTC): 2026-09-10T00:43:43.108Z to 2026-09-10T00:43:43.108Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/35/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:7cf9c2803b8c81cf1d1a467740c67cfaf9eabbc6a3b8cf9fa220bd9af6984449 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/35/#25-recognition) SEC content: no ##### [605-35-25-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:be3efd9c65efdf0715b990d491723cff1799972486e610094b0ca74bf22dbd7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:69f33c471378066274ec87a9f1be136f472a3f28823b596e57502780e04df34a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d31cee9b1990603e61b8dad475f58064dda6500ad2e45393d6e3456e1b1bd780 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:91f45fecf8579f143a7b87ce122c1768aca1234528f091e842d3eaea31ee621f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:484aad4318974c4b9abb0026ecdb863863e76863bcda30ce1ced1905a8a11ea9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1588fdb370eaf6fdbccf1cc72b44b691bdf127249a1d12d6546f32b77032c243 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Combining Contracts ##### [605-35-25-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:fec237a320ad0b6fec99329d0ad8eb95e2bb50c895d82eee26d5fe0229a3efcc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") shall be combined to determine the need for a provision for losses in accordance with paragraphs [605-35-25-45 through 25-49](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-45) only if they meet the criteria in Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from contracts with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), specifically paragraph [606-10-25-9](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-9). ##### [605-35-25-8](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:061e91962563e06299dd1fe8ce5038179a37a9d99b38b512df64e4be3b54e5e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-9](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a61c26941ee0e3cd60a57cedaa4bd56bfec3434517b7c077e39957c923b0c0db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Identifying Performance Obligations ##### [605-35-25-10](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ec37989b70294985dfd616a170ae6efbba62b61d2d37fb74d4ff317881d0c165 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A single contract or a group of contracts that otherwise meet the criteria for combining (see paragraph [605-35-25-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-7)) may include more than one [performance obligation](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer."), identified in accordance with Topic 606 on revenue from contracts with customers, specifically paragraphs [606-10-25-14 through 25-22](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-14) . ##### [605-35-25-11](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a1124528cb29d068a276c00fd115c88b142c26ac408b27598fb93c1ea6b80921 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-12](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d0fa66430abf586cc718c9c802702a9999c289e27c393b8f712cd38fd33f099d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-13](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:13821581b92eadd838af96909c05064d28676f2e5e5bf74d727243085fe17770 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-14](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:880d527017086d9f936e9aaebf945237213a0f3c28d26012d486cd5fb9af1268 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-15](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:7f4e13b30f71edff4114cc6164244fb18800df217d6d2e0ce78740f94f325134 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-16](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:dc087611bb3b2003636a36c1734a720cf398cfa871bd7f43734e6c3b58982307 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-17](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:e7de4c64e534867406f548cb2c3c5bc0fdae0fafd069dd79e3a83aef80eb1049 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-18](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:0fc5d9ccc3c0d8951ad223ff9e98f02375169579bcc2e067349d200466652c70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-19](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1e06f625ab93edae4ad8d1c785017c6ed9f24c95a789a1377cb07044600b300e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-20](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:0aa5c2690771aa4d32aae6638275a23a9f945cefc30ffc17040e62908f1c8dc8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-21](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:5dc5d81012a6bcb5eec0c670a454f14b4363718cdb19fffb605085188d628a71 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-22](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:c128f4705aa013582fc3e008ee6dc947acb7250bb5d7fd4498041a66878ce546 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-23](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:8c605778b03d00ccf1a3d634fa635a5c50bb2bb9023f56a2d1820549432c21b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-24](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1e0b74c27e2b5923349501aea7993a9ccce1199842b9aa18e03051401bfde642 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-25](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:89146ddc81801d22e14d59924b5c4aed1ce417a3538510f686ae2da69c48ccc3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-26](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:569965fa2f5dcb86d92b39d0d4dd71936750dd2b3befa1fd8793b99747842bab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-27](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:6bc3c7252baef7fa93983f5cf44e27b443c242bf282c8799b96948292efa7d8a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-28](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:96c98060a996da04c2a01b87777919e02d82e9f9dd328050b8a7289255c7f222 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-29](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:e1e36f182640417394e7b74cd1277aabfb61b9bbf6b6c231ca7ae5974dc280b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-30](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:2c36f4d2309183d0465947e1b0883adfd8c8b146b69b3abc97c451ede3b5d761 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-31](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:6b22a586feb2f7a3e65cfedc7ed793466e3ca2f3206aab87de2b83fc3a7b1bbd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-32](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:05af8371e62a42c2665b79d4f5ce1a720f917b261b7eb5496fc7e763f95a8186 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-33](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:377a65b87a5e65bea47eabdb45ed8882dea4cba8c0254a9fce7d87af81e7c1a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-34](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:17525ff50d5c4b37aba52ca24dea058a3154a1fcee4ee3fb57745df602e28e9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-35](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:3815f24a56dc7a5ef4056c0177dc8b592a2232b8ea5672d6f4238c73b977946b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-36](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:473ec1b3cd4f2ee2bfa6d9d8a19cdd3a7a07d6be1cfc693e42979af22a2c0a28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-37](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a0402923037ecd538c34de5623a3dff6c2b4ae52469546b42c582d0fd15e43b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-38](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:92b039210e206584ad956244b88f733cabb6a580066d8d42ec996176fa94222c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-39](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:2d0dea241a2c93d7b293226f08d8087b5f693fb346aeb868dfc00ad9f152b45f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-40](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ea7545b10069bb3b5c2d2219712effc644444fbb0b5cd93893148fa6d7ac2952 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-41](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:cbd874cffa7ce2053ea2b01fe31f1890aa7f7c752155be34121a2739d5d1c9ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-42](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:877f78a9f46fe653698836c886c5aaa1ae3b3209249ce4128c9c105821db4763 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-43](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:42327b28255e055d4a2624626bb6201b039f9455fb19013c9ad277c2449ed2e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-44](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:948386558ca083ef7d4e6d28d994051760fd9d4a5e27697c4852183a29a6136e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Provisions for Losses on Contracts ##### [605-35-25-45](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:bd4551f04f671b772ff03ee564b5b72451983438fd1b2282ac59ef85fe209da9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a contract on which a loss is anticipated, an entity shall recognize the entire anticipated loss as soon as the loss becomes evident. ##### [605-35-25-46](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-46) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4baf512460dde1542fb0755d1f8c847f82e5aa1d5195ea98342d7b3e588b6db9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When the current estimates of the amount of consideration that an entity expects to receive in exchange for transferring promised goods or services to the [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), determined in accordance with Topic 606, and contract cost indicate a loss, a provision for the entire loss on the contract shall be made. Provisions for losses shall be made in the period in which they become evident. ##### [605-35-25-46A](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-46A) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d359bc9e2e5ddd6e1bd69b6f8beffa2a74f1aa8d51f0e89c9b8b659fc45df2be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the purpose of determining the amount that an entity expects to receive in accordance with paragraph [605-35-25-46](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-46), the entity shall use the principles for determining the transaction price in paragraphs [606-10-32-2 through 32-27](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-2) (except for the guidance in paragraphs [606-10-32-11 through 32-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-11) on constraining estimates of variable consideration) and allocating the transaction price in paragraphs [606-10-32-28 through 32-41](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-28) . In addition, the entity shall adjust that amount to reflect the effects of the customer's credit risk. ##### [605-35-25-47](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-47) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:c88d116415f2b280279cd6f3a38d235554a9955ca0b50de41fb54a4d3aee6518 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a group of contracts are combined based on the guidance in paragraph [606-10-25-9](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-9), they shall be treated as a unit in determining the necessity for a provision for a loss. If contracts are not combined, the loss is determined at the contract level (see paragraph [605-35-25-45](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-45)). As an accounting policy election, [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") identified in accordance with paragraphs [606-10-25-14 through 25-22](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-14) may be considered separately in determining the need for a provision for a loss. That is, an entity can elect to determine provisions for losses at either the contract level (including contracts that are combined in accordance with the guidance in paragraph [606-10-25-9](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-9)) or the performance obligation level. An entity shall apply this accounting policy election in the same manner for similar types of contracts. ##### [605-35-25-48](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-48) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:b4970e84778d1d98a2dde19cc209add1fa4fcd343bc98c1b7964990df1eb826e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Losses on cost-type contracts may arise if, for example, a contract provides for guaranteed maximum reimbursable costs or target penalties. In recognizing losses for accounting purposes, the contractor's normal cost accounting methods shall be used in determining the total cost overrun on the contract, and losses shall include provisions for performance penalties. ##### [605-35-25-49](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-49) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ff665156342ca2f716fe6cee7e784e6507475c61794609bd5c743002dcf796d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The costs used in arriving at the estimated loss on a contract shall include all costs of the type allocable to contracts under paragraphs [340-40-25-5 through 25-8](https://asc.understandingaccounting.org/asc/340/40/#340-40-25-5) . Other factors that should be considered in arriving at the projected loss on a contract include all of the following: 1. a Variable consideration, (for example, target penalties and rewards and potential price redeterminations) 2. b Nonreimbursable costs on cost-plus contracts 3. c Change orders that meet the guidance to be accounted for as contract modifications in accordance with Topic 606 on revenue from contracts with customers, specifically paragraphs [606-10-25-10 through 25-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-10) . 4. d [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-50](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-50) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:6b24fefa3724978abbb279e9a89263959845e79065dbcaa07ceadd51f976eddd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-51](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-51) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a937e542e8bc1409f338e017f18acf780956f3e63441ee6b87473f553e09e833 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-52](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-52) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ce67f7648e604c8b0c4c709ec5075e1b8cbf739ba9f6c8a60b5dc7871ca122ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-53](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-53) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:dfcc06883f7b8644760b01de65a97d7e4b63da14333425444b26cc23e8697fe6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-54](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-54) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:668b674fdcc678677ee692877ffa3cb0100f511a070e0f36899926be33caee03 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-55](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-55) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4d7acee40110ac9d5f5fef119591218aa4be38cfc7aa1ff8d1a1e05b3a4c0a3f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-56](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-56) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:385590fed1d1017f49ef3064efcb383c9eb1f91005a63fd38cbbe95a719c23f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-57](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-57) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:48359e0932d589e6e267799866e7d7b1656a0fcbfeaa1034372c41a74c620606 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-58](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-58) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:b118fb150917d6ed26ddfe2830e7c30f6e56cca02c6336167112c3af47291ab6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-59](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-59) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a461d1a29ba74b1e3b38b4fcf2aa2d1a8df1b1cff4ff6a928b7c3f7512b22ffc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-60](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-60) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:2f71018b2aed4db955c09ba244a1136890e786f002bae259c060cc60990cf912 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-61](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-61) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1dfbb4e82e5aaa756f9d32d59bdde074672dc3f2e17b333c83fd33c627628279 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-62](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-62) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:299bdbb7435fb2d8c931dc39b86cf084fef2dc4b77d089a1f67930462ab6e8cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-63](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-63) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:aaaf8151820a757af30cd06666cca14dac4330cb306e29bd0eb177b37d361457 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-64](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-64) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:0ece965bdb71b0f18a991c1719b201ea04c64d983e6c0d4445a6e7f5d634380e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-66](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-66) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:00c1b53f0fd9113cc01caf4d82d76f91b34f2a94b3f8b3ac054a14328336b90b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-67](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-67) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:c32f6218fdfa95777dbc19a530ea9f27831ab1691b0a78849d7b814e9391b3ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-68](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-68) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:9b19f39b705b68744f71ab020f1402b16b06660073e81a1451582b198e9eea80 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-69](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-69) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:2d0afcca294c9aa2ad007980e23ca218f60a7677ed82d07026ffb839b59b90c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-70](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-70) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:76f710ae9c0662bc76a170163dff9346631de50600429a2293bf92c0b456a98c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-71](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-71) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:0415cc9fd32d738d00bcca02d21d9866530b025acf5305fcef44d107f3556a83 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-72](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-72) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4fdb271db74ee5923467b8bf6ae789b9137251912603554f5f1dfcb7ba91715a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-73](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-73) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:579ffbe074dc1aaf318adbf6341bfb4b9cc3d1ff6b8514c98f5a980ca41cb86e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-74](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-74) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a713f26be2018a49223bdf660a55018d132f93cda2a8d0bcd862270b2b1168d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-75](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-75) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:b9cf1df8330bd02507c0e248943ee87d92c90fa33e181fafffc26d3b4aba5b7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-76](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-76) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:60084b1ff52a0505d478384e3d7a847453a183a0cf2c38d503e7b819c92f1081 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-77](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-77) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d1d46bd84e55ad8bc1c407088783e0c82a4e9d06dfbef1f78a5d349a9ddd4677 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-78](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-78) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:b54aef9c9ba22d747d61321d514fe787291a044bbcc41b3b0dde3708acd2e213 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-79](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-79) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:898ccaa1e69110ccbf6f2e55aee17d9261d3ecf3621f2215aac5a70db4405cec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-80](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-80) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4e82cdda38502afa2b10654f9b44ec637a03776d27c3b2b6444e583beccc828e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-81](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-81) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:9533dc06f2feeb34a73180749a8cae6b6074cc9e0937caad6b60febdadd0861d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-82](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-82) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:203dffee411a316e2d59c298559dae1bb03dc7054d5c45c07d846d7b3d74b5eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-83](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-83) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:81bdd7c46f533ddb2f4da6e6e80eae4f74d3b8d5006a3a2655ca87e6db844b7f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-84](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-84) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1ef7ba3283379526714286d4f24df84c863f710a8edb536f2c8b7945a9fd00d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-85](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-85) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a5e062ea9ad07defdf27f9b7fc661c18d68003c7fe4ee41af6a46ba29e46a4ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-86](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-86) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:492654806a500a3ef6107e413e57902e453d000ae51f5f737fa0136884437d34 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-87](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-87) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:8f2d397de3aad752df98eb176cea57b24fddc5ea2049e47d798d22a60917c4eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-88](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-88) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:eef7d23ceb67a033033fbff2c2c578734f164be3eea9a4ccf4daccc7eeee8f3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-89](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-89) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:06cbe3c048ba69d673dc7579258d77c47c32d74fef75d7acd8f391d0c0bbf844 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-90](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-90) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1369a89052d6b797b61bb4e0c815d4e24594a6165f74b920f636e97ed5aec69f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-91](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-91) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:c2aaddce184b1d628efede74206af68e989fc0d01052e2f812aaf1f0060fcf19 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-92](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-92) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d33ddd9934fbe7bdec786ae29cd63020f55ad380096b43a709ca53aaba75d35d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-93](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-93) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ab1ddcbeb875ff326b6054f6858a7ea63c55ef38cd50ab17a13cb42e66463d6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-94](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-94) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:8007b0e831daa8494426c42bea9bc0ceb62c31b45291255d1dc32d55c6c103e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-95](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-95) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:5b33b8cb83641b6fa7669f266475af8aa5af9079dabe05a9f79ca9a8a41d8154 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-96](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-96) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:81e1f360f9952228df571f8fdd5ddc1355b03100c0b44094778cdee272be1637 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-97](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-97) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4ccd099de67c1172dab5b97ae72bc9fed814391764e6ec6eb290275302a8656d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-98](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-98) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:84498da512b2d153a10795686b5f1ddf29ef895587ae50f64d41f20c881d1e11 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-99](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-99) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:9f1ec29300e48cc01691711ccda50a157c19214e7efb954e8db990d3974959d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:1e2c8eff8dcc1eb2a790931f19b07966657e02f91a28dfebd011a4514d775d24 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/35/#45-other-presentation-matters) SEC content: no #### Provisions for Anticipated Losses on Contracts ##### [605-35-45-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:910991abf3b157acf8aae62c867d3c94613d6dfe1222d8467cef71237f0e64c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The provision for loss arises because estimated cost for the contract exceeds estimated revenue. Consequently, the provision for loss shall be accounted for in the income statement as an additional contract cost rather than as a reduction of contract revenue, which is a function of contract price, not cost. Unless the provision is material in amount or unusual or infrequent in nature, the provision shall be included in contract cost and shall not be shown separately in the income statement. If it is shown separately, it shall be shown as a component of the cost included in the computation of gross profit. ##### [605-35-45-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:356f61b01894e9754ed511ad77e93d4204a94e2a44875d241cacfeede8440a42 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Provisions for losses on contracts shall be shown separately as liabilities on the balance sheet, if significant, except in circumstances in which related costs are accumulated on the balance sheet, in which case the provisions may be deducted from the related accumulated costs. In a classified balance sheet, a provision shown as a liability shall be shown as a current liability. ##### [605-35-45-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:2ecea455e1f55afc09111b790cab2046ef3479f39b47dbb3d650dc01e77213b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-45-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:39cf76befd435e0a1a3e9d787b61d02dc0f01b144a146e33f156604f5eb74476 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-45-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:c7f68d35fd7b3253e309180f3092eea20ed3557cd78f2357ec30fe7306c496ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:9fb91d87183c3c0f4bac7eb78ade4ece73cb92baa9ec490f220955d81df19e8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/35/#50-disclosure) SEC content: no ##### [605-35-50-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:b568dd8c76a51b69836005aab320bc939d15180c0445cec96ac726fc91f6019a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:7b77fce50fa9ae7322cd12e79eca53caaca4a2aed7c62f5791bb7fbd10094b02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:1c98f5e2a1f0f0234beb7b2f5c8abe00de53723df807d87f4c20dc7919467e34 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:5b1ea9784a550422ee6f73c697172dc331311de51fa66d8fdfc948d34c14bfda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:2edc4032176ed16df835e8994974502b68bb0482fead362b3f2fa851afa8da44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:eecaae5259fe0af2cad542d8d057b7861f51df7a26f8afdc5765840620dad25f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:a88779fbce427db5fff9f0bb6d7fe366b7c358b29dac9ce7294a9900dd375404 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-8](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:a9308ba5eb5b0f421cfec1999a94660b37e69bf14bf1e5889f3c55e6934a4f3b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-9](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:5b51ff43f08d0f7b37e1d07b9089235ca8c78beda38a939be2406cf3f90207d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-10](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:a026decb2afae82261f134c15edbfefa5ae21103b60da94b13f4c3cfb2b2bcda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-11](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:dd26b7a5085abefdb61ae1a2f45573a417e8b01187610c81704e2431a797398e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:d353c2c3bb44fe1d6b78a34b17ddf46dfda37a3ba463346bfc741c8b361a226a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/35/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-35-55-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:84055e477be3f70cf77aeb35243fc93286e1cfebfa6b1cff209eab63836e1df4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:8f217b58261c1a2cb8e5386cbecb6a5661d281ba6a2abce6f8a758b51377f7a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:c227e49f8a17e34472bd4bc738ec742c1b57467794541999aa5401922934d9be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:bf5e2271b10314df7ab74621ca0c5f817fd899c53d00a9db3568899c18a0aa95 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:057bd2921f1d6ee445366735939169faa7a4e05a1cafac3b24a1254c408f217e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:a0d71d88352fe01ee2f0b618ff5987ee249cafb784651b58259fbb2fee0da60e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:da0ac674b47064ebbb00bacf6832c97b9b184c3a820e3d5d06d0657548c0aee4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-8](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:41df6154d65009acade7b5ffd83a856dd6eee9f752085a87af5c90be7e2544ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-9](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:4dd8f7924cc8315882e90b05e469a77269dff0e0bacfa4a4602e2c0176fa56e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-10](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:802c4f10e0e328ec4aaa195e957d86d088ef7fff132d63f17b92cd69590b9b7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:57.745Z to 2026-09-10T00:43:57.745Z Record version: sha256:3be79ae98aaf7b4614a7e89d4784542245c9c0a6d8fef36f37d13b4414bf28be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-75: 75 GAAP Taxonomy Elements [Read section](https://asc.understandingaccounting.org/asc/605/35/#75-gaap-taxonomy-elements) SEC content: no Source downloaded (UTC): 2026-09-10T00:44:00.264Z to 2026-09-10T00:44:30.985Z Record version: sha256:6881bb1e2cbb84dd05e4ed414ad3fb30445222cf3d6dea1690091aa4f7b1decf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40: Revenue Recognition — Gains and Losses ### Machine-generated study aids ```json { "summary": "ASC 605-40 formerly addressed gains and losses arising from involuntary conversions of nonmonetary assets (such as property destroyed by fire or taken by condemnation) into monetary assets like insurance or condemnation proceeds. Every paragraph in the subtopic — scope, recognition, measurement, presentation, and relationships — was superseded by ASU 2014-09 (the revenue recognition standard), so the subtopic contains no remaining authoritative guidance. Entities now look to ASC 610-30 for gains and losses on involuntary conversions and to ASC 606 for revenue from contracts with customers.", "key_points": [ "Every paragraph of ASC 605-40 (Sections 05, 15, 25, 30, 45, and 60) was superseded by Accounting Standards Update No. 2014-09, leaving no operative guidance in the subtopic.", "Because 605-40-15-1 and 15-2 are superseded, the subtopic no longer establishes any scope over transactions, and it cannot be cited as authoritative support.", "The superseded recognition paragraphs (605-40-25-1 through 25-4) and measurement paragraph (605-40-30-1) formerly governed gains or losses from involuntary conversions of nonmonetary assets to monetary assets.", "Guidance formerly in this subtopic on involuntary conversions now resides in ASC 610-30, Other Income — Gains and Losses on Involuntary Conversions.", "Revenue from contracts with customers, which displaced legacy Topic 605, is accounted for under ASC 606, with related costs in ASC 340-40." ], "categories": [ "Revenue", "Transition and effective dates", "Derecognition", "Recognition" ], "audience_level": "introductory", "student_note": "This subtopic is a placeholder shell: it matters only for understanding what ASU 2014-09 replaced, and citing it as live GAAP would be an error. The common misunderstanding is assuming involuntary-conversion gains are now inside ASC 606 — they are not revenue from customers and instead fall under ASC 610-30.", "related_topics": [ "606", "610-30", "340-40", "605", "610-20", "420" ], "key_concepts": [ "superseded guidance", "involuntary conversion", "nonmonetary asset", "monetary asset", "gains and losses", "legacy revenue recognition" ] } ``` Source downloaded (UTC): 2026-09-10T00:44:00.264Z to 2026-09-10T00:44:00.264Z Record version: sha256:3b6be9115b6af2664a8804d7bd3a0c27b712c7a78513e7ab2db8d1587d43fcd9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/40/#00-status) SEC content: no ##### [605-40-00-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:00.264Z to 2026-09-10T00:44:00.264Z Record version: sha256:f987114651a12d7e180b765e211e8670ca9d6cce7f984a1f6ee8c3d87de8bb12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
605-40-05-1 through 05-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-15-2SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-25-1 through 25-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-30-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-45-1AmendedMaintenance Update 2017-19 (PDF)11/15/2017
605-40-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-60-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:44:02.415Z to 2026-09-10T00:44:02.415Z Record version: sha256:ae7327dc2f087283171de49f31569dd03eb1a163da7b0ae4c6d61dffea0685c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/40/#05-overview-and-background) SEC content: no ##### [605-40-05-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:02.415Z to 2026-09-10T00:44:02.415Z Record version: sha256:c5cbc3365ddd991e1e216281e3cd2016b64c3eb907808637827a85aa6ff4fe9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-40-05-2](https://asc.understandingaccounting.org/asc/605/40/#605-40-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:02.415Z to 2026-09-10T00:44:02.415Z Record version: sha256:27de493ce0e758ea2b75ebfbd4002a44974c34b1631ddd25990a4f851386113c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-40-05-3](https://asc.understandingaccounting.org/asc/605/40/#605-40-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:02.415Z to 2026-09-10T00:44:02.415Z Record version: sha256:3f2b2fd5c7f08566f53aeaa6e24854d2ddfcac4caaaecae1ef482fd07bf09689 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:05.253Z to 2026-09-10T00:44:05.253Z Record version: sha256:14b39b147259e390c5d218aedb62e3776dc8cc8cbdfaf7fe053b41caab104601 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/40/#15-scope-and-scope-exceptions) SEC content: no ##### [605-40-15-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:05.253Z to 2026-09-10T00:44:05.253Z Record version: sha256:546a3e7abbfdcc9f654db4ad202ba4f213a199ed36840a9e886fce655585f0a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-40-15-2](https://asc.understandingaccounting.org/asc/605/40/#605-40-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:05.253Z to 2026-09-10T00:44:05.253Z Record version: sha256:c44dac3d0ec83ee15a18b8c930da5f87bbabb3af7925d525caca8d18f6964bc5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:cb527ffd48f6856e7f78e0fc334eb29c79a0804e3c05a30d902fc9073652ee87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/40/#25-recognition) SEC content: no ##### [605-40-25-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:df215011ced8476169b9a13236fbb7894e8be7b07af0bd6a986ab59125413e74 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-40-25-2](https://asc.understandingaccounting.org/asc/605/40/#605-40-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:899c6652ba3cc973eecb1f86003ff81ad6fd806a0950974893cefb2d7c0f5025 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-40-25-3](https://asc.understandingaccounting.org/asc/605/40/#605-40-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:0d0d0ae12481163d788d3a3ce91b96a280604677077dbabe0b242d8d573a105e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-40-25-4](https://asc.understandingaccounting.org/asc/605/40/#605-40-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:3de77468d68f2c3fdd61d5110a89897a9324b7053f8597cf645a232b5ad4a3b5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:12.484Z to 2026-09-10T00:44:12.484Z Record version: sha256:64198796561361449e31d452f9339b748d47227b69287bed676a0c7b63f97dde Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/40/#30-initial-measurement) SEC content: no ##### [605-40-30-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:12.484Z to 2026-09-10T00:44:12.484Z Record version: sha256:457079c6868c05b0d2560399c3467d1dcc516e668c434eb7de0702cd51fead90 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:15.044Z to 2026-09-10T00:44:15.044Z Record version: sha256:786c901445c4515033c8b2ed4dfcff5b9d4389920000b4cbb8b25e6637dfd38c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/40/#45-other-presentation-matters) SEC content: no ##### [605-40-45-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:15.044Z to 2026-09-10T00:44:15.044Z Record version: sha256:990a4f2a2868e20070227587e7d77bf811f37c1e9b51714ea5853e631b5d9cc6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:16.997Z to 2026-09-10T00:44:16.997Z Record version: sha256:a1df141fb418348314211dd3274e9a5faf2c4b14cdd003f5fd0498046ae8e0f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/605/40/#60-relationships) SEC content: no ##### [605-40-60-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:16.997Z to 2026-09-10T00:44:16.997Z Record version: sha256:45c2c87d34e4e8dabf74ab84aacec1ab56eddd143bb7a86028276e38438a74c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:20.519Z to 2026-09-10T00:44:20.519Z Record version: sha256:78f99fb06f4df4567975fead68ea9df5c783a2532ce51c652e27d4688ead9241 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-00-status) SEC content: yes ##### [605-40-S00-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:20.519Z to 2026-09-10T00:44:20.519Z Record version: sha256:c33bfb6e838882ff087c5adbbdd883452e9b5ede617c30903cba64c26a560485 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
605-40-S25-1SupersededAccounting Standards Update No. 2012-0308/27/2012
605-40-S25-4SupersededAccounting Standards Update No. 2012-0308/27/2012
605-40-S45-1SupersededAccounting Standards Update No. 2012-0308/27/2012
605-40-S50-1SupersededAccounting Standards Update No. 2012-0308/27/2012
605-40-S99-1SupersededAccounting Standards Update No. 2010-2208/19/2010
Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:7ee27fc1613f7495d096bc623f79820f65b5d9a88f46c78df1cbf020a9819dc9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S25: SEC 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-25-recognition) SEC content: yes ##### [605-40-S25-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:0b7c2f11dbd8733ce805a901faa005ca6b6eed83b3c11c710ad6d772e6bf433e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-03](https://asc.understandingaccounting.org/updates/asu-2012-03/). #### Gains and Losses from the Disposition of Equipment ##### [605-40-S25-2](https://asc.understandingaccounting.org/asc/605/40/#605-40-S25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:3b4a37a213d46a57656b094d520ca122fd685967c7679ba2a593f990e51d8acb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [360-10-S99-1](https://asc.understandingaccounting.org/asc/360/10/#360-10-S99-1), SAB Topic 5.B, for SEC Staff views on the recognition of gains and losses from the disposition of equipment. #### Accounting for the Divestiture of a Subsidiary or Other Business Operation ##### [605-40-S25-3](https://asc.understandingaccounting.org/asc/605/40/#605-40-S25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:1cb9493e5c2213c61375d531d117c85b7b1ef276713e33dd468a5b78cfc8ed13 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [810-10-S99-5](https://asc.understandingaccounting.org/asc/810/10/#810-10-S99-5), SAB Topic 5.E, for SEC Staff views on gain recognition upon the divestiture of a subsidiary or other business operation. ##### [605-40-S25-4](https://asc.understandingaccounting.org/asc/605/40/#605-40-S25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:81ec5588f1f2febcbff1a85ed4073df109ab60fd1480fc6a115a8a6ac9094394 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-03](https://asc.understandingaccounting.org/updates/asu-2012-03/). Source downloaded (UTC): 2026-09-10T00:44:26.319Z to 2026-09-10T00:44:26.319Z Record version: sha256:6a963fa1da1a0acd541a9ba7033d385cd7a6254ac670ed9feddf32328c292f9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-45-other-presentation-matters) SEC content: yes ##### [605-40-S45-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:26.319Z to 2026-09-10T00:44:26.319Z Record version: sha256:d92c4985a6a63e771a340ab4fbd5035b372bce71aa10bc6e740dc5f84a11a192 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-03](https://asc.understandingaccounting.org/updates/asu-2012-03/). Source downloaded (UTC): 2026-09-10T00:44:28.694Z to 2026-09-10T00:44:28.694Z Record version: sha256:9743bb4adbec915b2cdf0a07e5c34246b04d6ae60b99522e3fdf98807fc725ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-50-disclosure) SEC content: yes ##### [605-40-S50-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:28.694Z to 2026-09-10T00:44:28.694Z Record version: sha256:27bde65ec4f8240bc38b9c428f9c4aa71c77004dedf0d5bb8258ed9acc847ab6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-03](https://asc.understandingaccounting.org/updates/asu-2012-03/). Source downloaded (UTC): 2026-09-10T00:44:30.985Z to 2026-09-10T00:44:30.985Z Record version: sha256:922d00bdc3d691511e727366eccbfda9412ba84df4cbf98074c612f637e0a7fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-99-sec-materials) SEC content: yes ##### [605-40-S99-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:30.985Z to 2026-09-10T00:44:30.985Z Record version: sha256:c0f01224d1adc1aad9d2032bdc66a2c09876522c2719a366d6fda900e242d756 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2010-22](https://asc.understandingaccounting.org/updates/asu-2010-22/). Source downloaded (UTC): 2026-09-10T00:44:32.941Z to 2026-09-10T00:45:00.697Z Record version: sha256:e78f710580c6ab0c31ff252a8b74e6076168275d78693334a43d50e1a0c1ace7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45: Revenue Recognition — Principal Agent Considerations ### Machine-generated study aids ```json { "summary": "ASC 605-45 formerly governed whether a company reports revenue gross (as a principal) or net (as an agent), including guidance on shipping and handling costs and reimbursed out-of-pocket expenses. Every paragraph in the subtopic (Sections 05, 15, 45, 50, and 55) has been superseded by ASU No. 2014-09, so the subtopic contains no operative guidance. Gross-versus-net presentation is now determined under the principal-versus-agent (control) guidance in ASC 606-10-55-36 through 55-40.", "key_points": [ "All paragraphs of ASC 605-45 — including 605-45-05-1 through 05-3, 15-1 through 15-5, 45-1 through 45-23, 50-1 through 50-4, and 55-1 through 55-45 — were superseded by Accounting Standards Update No. 2014-09.", "Because no operative text remains, ASC 605-45 cannot be cited as authoritative support for gross versus net revenue presentation.", "The subject matter it addressed (reporting revenue gross as a principal versus net as an agent) is now covered by the control-based principal-versus-agent guidance in ASC 606-10-55-36 through 55-40.", "Legacy indicator-based analysis (e.g., primary obligor, inventory risk, latitude in establishing price) survives only as nonauthoritative background; ASC 606 replaced the indicator list and reframed the analysis around who controls the specified good or service before transfer.", "The subtopic remains in the Codification as a shell so that pre-adoption financial statements and cross-references can be traced, and for entities applying legacy GAAP in comparative periods." ], "categories": [ "Revenue", "Presentation", "Transition and effective dates" ], "audience_level": "introductory", "student_note": "Know this subtopic mainly as a signpost: the gross-versus-net question is real and exam-tested, but the answer now comes from ASC 606-10-55-36 through 55-40's control test, not from 605-45's old indicators. The common mistake is quoting legacy factors like \"primary obligor\" or \"inventory risk\" as if they were still authoritative rules rather than mere indicators of control.", "related_topics": [ "606-10", "605", "340-40", "705-20" ], "key_concepts": [ "principal versus agent", "gross versus net revenue presentation", "superseded guidance", "control of specified good or service", "shipping and handling costs", "reimbursed out-of-pocket expenses" ] } ``` Source downloaded (UTC): 2026-09-10T00:44:32.941Z to 2026-09-10T00:44:32.941Z Record version: sha256:de9a4c46421b6cde4abb5644d497503ce1fe9edb3df2b6c1d2cc250d3381423a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/45/#00-status) SEC content: no ##### [605-45-00-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:32.941Z to 2026-09-10T00:44:32.941Z Record version: sha256:9638d294c32cdf3e5d0501a278a7134b6e6fbc0dbfd6f5225e84407e49790fea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Handling CostsSupersededAccounting Standards Update No. 2014-0905/28/2014
Shipping CostsSupersededAccounting Standards Update No. 2014-0905/28/2014
605-45-05-1 through 05-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-45-15-1 through 15-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-45-45-1 through 45-23
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-45-50-1 through 50-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-45-55-1 through 55-45
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:44:36.298Z to 2026-09-10T00:44:36.298Z Record version: sha256:80a546634b575b3eca4864d0c4878e619f08d2b06efede308638d459a11e74b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/45/#05-overview-and-background) SEC content: no ##### [605-45-05-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:36.298Z to 2026-09-10T00:44:36.298Z Record version: sha256:6c0674f9154b560d75b200c00a717e8f267ab0f3f83d39ad6e273f069f81894a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-05-2](https://asc.understandingaccounting.org/asc/605/45/#605-45-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:36.298Z to 2026-09-10T00:44:36.298Z Record version: sha256:1c4e593f1ea33f9e1cbe2bb09df7c88a2a01ade9045ad5701a42c7c6653b77c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-05-3](https://asc.understandingaccounting.org/asc/605/45/#605-45-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:36.298Z to 2026-09-10T00:44:36.298Z Record version: sha256:defb026d1ff529581e09b01ab56254b228a4ea11721b6194271ee61b11e8726f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:38.039Z to 2026-09-10T00:44:38.039Z Record version: sha256:a1e5516fa1d0d040450daa8841d0cf52c22d881851911594a3f34cc195df0d6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/45/#15-scope-and-scope-exceptions) SEC content: no ##### [605-45-15-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:38.039Z to 2026-09-10T00:44:38.039Z Record version: sha256:1eed99844d8bdfce43cffe037a51201b27c738be4b4b3ca214752aa0f7e0d5dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-15-2](https://asc.understandingaccounting.org/asc/605/45/#605-45-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:38.039Z to 2026-09-10T00:44:38.039Z Record version: sha256:1c847b7c1b8b45ab26591d9db87474e7ec3a1a3a011d13d251086bcbb449579c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-15-3](https://asc.understandingaccounting.org/asc/605/45/#605-45-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:38.039Z to 2026-09-10T00:44:38.039Z Record version: sha256:89b3eb46242fe1b1994ca100d9b6f9461b79de59aa5b92100f74db1b0fe9823b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-15-4](https://asc.understandingaccounting.org/asc/605/45/#605-45-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:38.039Z to 2026-09-10T00:44:38.039Z Record version: sha256:172b5aac13ca1fbd5a82fb6d1c9be10254b5f4e0772be7e69b57a4170d8dae67 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-15-5](https://asc.understandingaccounting.org/asc/605/45/#605-45-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:38.039Z to 2026-09-10T00:44:38.039Z Record version: sha256:8d0aabf37d08608ed4c17fd36709b6cbce2aba480f5eb26f746482061876bba8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:39.807Z to 2026-09-10T00:44:39.807Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/45/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:742ca3e0ee44c0cbcce6a804ab71d4bb5782b81eb269cb57eafa3b25128e3605 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/45/#45-other-presentation-matters) SEC content: no ##### [605-45-45-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:f6304e84fb4e1b07b35e94209d6714fa107edd1dbe873b52afd00b44bd84b435 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-2](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:08f773f8c134a3ef5fbb10a1b5a5b55116e7d9a2188262e436b88f245644efd3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-3](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:12d5f32bd3e41e13afd576d4c2e78cae1247cd92df83fe498349863253b41cf0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-4](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:b90712274078aff524ab0330451759de2c5a4d85fde588f56a9299c4f360fa3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-5](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:3ba4cb49e4dcc248a3db24c34960dc060ad983159d4c50adc6ad0994fcf64e17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-6](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:3580649ec98f2ecface2cedb1595b4db3a9f2eb46db6fc183fb118b423203a9b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-7](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:3def35bb1b3f10b51e181a20d58b74f40f68a0f070479227ed43cf34991d66e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-8](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:eaab4ab173c369ada2e949aee5c33dc291ed52aecb2d92494359d7951174c278 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-9](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:09654a7754d7b925a2ab4cc2b7d7bb728cd49ed70bd5cbe63f53801ad8ce2283 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-10](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:d8a78faeb2fda90639208272ea3ca4dbcf07cc7c57f15348ba03e07d4f1e771a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-11](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:8613f40d54baa9264e1ce8b0f62e66be73aeb5ba2decf81a6c916a0ec2fc5120 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-12](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:904578a8570ee57c604fe6a39c20e925c1c1c324e259ab631d8e2351716da75a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-13](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:4171dceb0bd150c764c14a4591de717137c993ba485c9344f5c3cbbf7b210165 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-14](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:ba4ea39df323b5313d64ddb457d5d6d6e44897736b5b6026c00a05dccaf8beb2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-15](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:9f7ce6a598c07b8fba6561098c16b60c57ba81b05fe8827a84d0415e8c71f926 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-16](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:c4a2ecae21e4b97eee39f8646ab74bad72d3b0f3cc9bdef2ef1172166bad8198 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-17](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:d9082a2c6d5a9fd333830ef4d0105b68b8aea63b665ddd73028efc4a3b615547 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-18](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:56bdcf2deaa0871c5a6022246131df95afba8cbb34fa5f8daa5cecfad8416122 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-19](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:51e9cc8513d60730670518f0c16426c575c8f03840ec8c6cfe2e88ea7fa13797 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-20](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:de87c250722577fa5183eac84017846cc944ac77886bf1327cc79e44c153ee2d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-21](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:cfb9f1ecc50cba8c89c5529b4c6aa99b96542b92171907e9ac8b8a82a82fc957 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-22](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:a3633c6e12ec10b8b099dd8e242f4388d9877bbfca1cc70e2af8a09887ea8196 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-45-23](https://asc.understandingaccounting.org/asc/605/45/#605-45-45-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:43.210Z to 2026-09-10T00:44:43.210Z Record version: sha256:45dd3a2e8581be8a79e59a9c34828390546ac545036398d36f9964463a2226b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:46.394Z to 2026-09-10T00:44:46.394Z Record version: sha256:98b5382e5b64d33458d08ac8b1d4f7beea51240da062203cba236281677692be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/45/#50-disclosure) SEC content: no ##### [605-45-50-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:46.394Z to 2026-09-10T00:44:46.394Z Record version: sha256:8dbe1b4befb9745268842326e3dcc6d74e21b6ad07fbbfff679c9b366ad10070 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-50-2](https://asc.understandingaccounting.org/asc/605/45/#605-45-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:46.394Z to 2026-09-10T00:44:46.394Z Record version: sha256:b3d3204185062fe682acca04c104290d725a75c4d5f7de41760ba8d327d9f351 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-50-3](https://asc.understandingaccounting.org/asc/605/45/#605-45-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:46.394Z to 2026-09-10T00:44:46.394Z Record version: sha256:ee142689770ac557755d2c65ea3d78adc906397d57d5d5c316eafe4fe8368b26 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-50-4](https://asc.understandingaccounting.org/asc/605/45/#605-45-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:46.394Z to 2026-09-10T00:44:46.394Z Record version: sha256:591e71b287c0860e1e00e81fecfd1ed61f72baec183d2e69aab5574d6ce026a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:7d08beafb40e022b52c3f6051db567965ccd8ccfc15fe876f129c95c5d383ae0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/45/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-45-55-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:3be85032309c636fae568ffb3b64588b629b3d45233de9466eff4ba12e8ed679 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-2](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:796ce391c160abc89dbdda394b95a687c15a99c412f9553913595df60ec94fcf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-3](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:935de94e2c08599ec79f36a0e6aa9ddae2dd24988f49e50f37f604b5b6687640 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-4](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:a033e9b5edba80ed5e550d2307d63ebed26b3500c93d3f38e3b3136b5cb2c0ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-5](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:2eb7dd8211ac86606ec281986b95fd8db4173d6f812e3ec4d309ec522b311000 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-6](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:525128bd75a9a7ebb3439f55030248a561b01c6860dc9fe6415ffc568722fbc8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-7](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:80f375723a0d592617400e166c1bbd6dea9352da929e048fca91a35cbbf4780b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-8](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:b72a2bbfdd12f43d2c9dddcd31e0e2e8519d196945d6aa27a869d432d197d182 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-9](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:67a434c3171766beda1c8c00fd1a0e8d9743b48f02e31c04cbbd4fe72add3e6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-10](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:bb5d1728589a58228bb32cabc1cda422c33bfb624e53ce08f4fcf92717763cc2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-11](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:d28bc352ef5ad8b67d81a10205ee9ef2733fa8e941d679bee1b1b55485cb04d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-12](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:0b4c19c3d51e3a3d634fca1ba91d48850ac1888bb621a29eb4b1a415768d07aa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-13](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:9dda0a0bd619347c77777036582ded4bfbdbc9eeff9e43e1e22ef0a07d521154 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-14](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:c0a0332e3956e7de4ac7bf56689155bf567ac57c4d11ad40ee1d57cd427c0820 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-15](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:f88be2b0e86be51bf3281ddc9ef531bb352a8d8e6fc412058f08e2ea61c1845b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-16](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:e5cc63389ac9666a171577acd5b784e8d654b9e73b00bb02e78c71ef9dc26ce4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-17](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:85d0149b1ab130a6e76a8ed400f2dffb878d64cc34eb5b3bb8ff513d4a83b2af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-18](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:24e94fdee5c1cc2c2d24e59275eb6d8449f36939d14d495eb32cdf4ebdbc3905 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-19](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:b6125204903a7dfa8e83712c7fc53dc347d271bea4e5405c5dcc6a8299d43ea1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-20](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:06caa4a910b6e4b6ab2386610a8dfc2d0f4a823d6cd40bb3871338a232d8d914 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-21](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:1b6eea3b9aeb498455529e22728e0ee720078a334135a02afa309f92031af3eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-22](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:9dd13be3e0a28360b0998b652eee67127fb8c0e4c1420f141c5394fcfc4d2f1b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-23](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:69f2d61ba403768fbcd09140e8c132cb90446f818cdbb15abc27ef1e56e24a47 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-24](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:1dba6fb6eda1a18c5e6d4ff30359f46d7f9960ccb74fcf8b9fae6d7846e37d2b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-25](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:f8fddcf256db00fcd355669c259652cce7aa89fabf0f096b3d50dc5585359e3c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-26](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:c31c53ee85e33535fa163b67cfa2888e7ed91aa40540e6c934b6a0c9ebe782fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-27](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:4099baef9a9e750603ac949049753d3e18b4ed74c1771885177d90260934661e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-28](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:ebebdd41f742c59010bcd46ca6ae07979bc0370faa5c23f24478c3b0c338292f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-29](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:8888388e73efa37e58881f52dd9a2b0c7e1acd41d4f2e0a6845fcd75899fec16 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-30](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:df05d488ed87676ee9bbf8966e9beeb731bf7a7120566b4d148e37400a401260 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-31](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:6228de0e24c1d4bb549737f4bc94405464e7c18171d2bfde137c7b4da1ce2a52 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-32](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:7fef1994e19d4bc24c914da05971815f623b75512978b964d46981653e9b89b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-33](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:8019c9cce93d4ca05b0fe310a5ab675e486fa2aee94b6979d3a5de726c16a239 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-34](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:e65dddcc564d18d7d47722a585ac96f5d1ce4ad09c3a093577dee2a2a037651a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-35](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:08d5b1487a0b2564a13ff2d46e9357737ab3590d2f598e42c2b99d849e6e3a7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-36](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:463570d6adb7bc9595b99deabd123ca4f976008f50e8ca94c3bfbeec07ae0b08 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-37](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:b1684d146cc965715205f7f6428e4661822191a042f5089cc8ba95495cc4d1af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-38](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:05269e8a00fe5582a8add69656b95ad854c04bf5ae71f4def7f6c05bee5d9be3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-39](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:43050414e2d97cd40e2faeed40454c3e7eb7adb88e014ac3368e6af1a4932ad0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-40](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:44f88f38cc40314d60a2a076b3cd81040ba95ffdeea027da72e205c6fa0d4477 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-41](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:33f5c786a905b6d49b857ca2adc86635850212c07c8ab337593b099e3bec652c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-42](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:8e3381c5f4555bf2ae56e463b54eaafa329674f71da2b69a30c4ce34c5ef04fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-43](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:255286e0808df640121740c8526fd05bf38ba28bd8882ec7d2e3dd8540a83320 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-44](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:a503962f4b4d77922bbfc9466b9003fbc07baf982c2aa863b9730d1b54edf6e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-45-55-45](https://asc.understandingaccounting.org/asc/605/45/#605-45-55-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:50.443Z to 2026-09-10T00:44:50.443Z Record version: sha256:9f881f13217bf0ade8a92be8f15f0b6f4fef53caa37d71baf809d3b8c8f71599 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:44:54.426Z to 2026-09-10T00:44:54.426Z Record version: sha256:5d610137ab3a5bf46aeb70cd572d4812d713c5ea48b08122562a5041f66ab62f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/45/#sec-00-status) SEC content: yes ##### [605-45-S00-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:54.426Z to 2026-09-10T00:44:54.426Z Record version: sha256:df3ee3e6b1b6bda3cd108f7827f643cbebf4ccfe7859431d0168a4434065b576 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
605-45-S45-1SupersededAccounting Standards Update No. 2016-1105/02/2016
605-45-S99-1SupersededAccounting Standards Update No. 2016-1105/02/2016
Source downloaded (UTC): 2026-09-10T00:44:57.643Z to 2026-09-10T00:44:57.643Z Record version: sha256:d50a696b498e94df9622b893d3b18627720f8871b55f1bad8bedd50e59be4a69 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/45/#sec-45-other-presentation-matters) SEC content: yes ##### [605-45-S45-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:57.643Z to 2026-09-10T00:44:57.643Z Record version: sha256:b74cbecad9e8f5827936434b88d63de53e734274095ab4468544ddb11ffea8f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-11](https://asc.understandingaccounting.org/updates/asu-2016-11/). Source downloaded (UTC): 2026-09-10T00:45:00.697Z to 2026-09-10T00:45:00.697Z Record version: sha256:72eb2cd28b90b3bbf4c4516c5f52e182ed85e1895a5b74ace1e532d121b97a5b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-45-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/605/45/#sec-99-sec-materials) SEC content: yes ##### [605-45-S99-1](https://asc.understandingaccounting.org/asc/605/45/#605-45-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:00.697Z to 2026-09-10T00:45:00.697Z Record version: sha256:aea66217be8f87909923582d1848f2cad55abff5390926db2379047cb09d2c09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-11](https://asc.understandingaccounting.org/updates/asu-2016-11/). Source downloaded (UTC): 2026-09-10T00:45:04.790Z to 2026-09-10T00:45:37.679Z Record version: sha256:42bc7ac13ea5c1bffc8fb881aaf66f2d1442b98f2c8024cd3d328a39c81fb693 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50: Revenue Recognition — Customer Payments and Incentives ### Machine-generated study aids ```json { "summary": "ASC 605-50 was the legacy guidance on a vendor's accounting for consideration given to a customer or a reseller of the vendor's products (cash, credits, coupons, slotting fees, rebates, and similar sales incentives), including whether such consideration is a reduction of revenue or an expense and when to recognize it. Every paragraph in the subtopic — Sections 05, 15, 25, 45, 50, 55, and 60 — has been superseded by ASU 2014-09 (Revenue from Contracts with Customers). No operative guidance remains here; the topic is retained only as a historical marker for entities referencing pre-ASC 606 literature.", "key_points": [ "Every paragraph of 605-50 (605-50-05-1 through 605-50-60-1) is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09,' so the subtopic contains no effective guidance.", "Consideration payable to a customer — cash, credit, coupons, vouchers, and other sales incentives — is now addressed by ASC 606-10-32-25 through 32-27, which generally requires such amounts to reduce the transaction price unless paid for a distinct good or service.", "The old default presumption that vendor consideration to a reseller is a reduction of revenue (rather than a cost) and the related exceptions no longer exist as separate guidance; the 606 'distinct good or service' analysis replaces it.", "Costs of obtaining and fulfilling a contract that were formerly analyzed alongside incentives are now covered by ASC 340-40.", "Entities may still consult superseded 605-50 text only for periods before adoption of ASC 606 or for comparative-period reporting under the transition guidance in ASC 606-10-65-1." ], "categories": [ "Revenue", "Transition and effective dates", "Presentation" ], "audience_level": "intermediate", "student_note": "Do not cite 605-50 as live GAAP — it is entirely superseded; the exam answer for customer incentives, coupons, rebates, and slotting fees is ASC 606-10-32-25 through 32-27. The common mistake is assuming the old bright-line presumption (incentives reduce revenue unless an identifiable benefit plus fair value can be shown) still controls, when ASC 606 instead asks whether the payment is for a distinct good or service.", "related_topics": [ "606-10", "340-40", "605", "705-20", "606-10-65" ], "key_concepts": [ "consideration payable to a customer", "sales incentives", "reduction of revenue versus expense", "slotting fees and rebates", "reseller consideration", "superseded guidance" ] } ``` Source downloaded (UTC): 2026-09-10T00:45:04.790Z to 2026-09-10T00:45:04.790Z Record version: sha256:4b8c12dceaf0a894304d3335887a6f1ce53389116f3acdcebf00158ce87e72fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/50/#00-status) SEC content: no ##### [605-50-00-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:04.790Z to 2026-09-10T00:45:04.790Z Record version: sha256:aa4d7e603f3133c30d939d7e037b0ace576488d0bf09c1e6f5669ee88da72bce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BreakageSupersededAccounting Standards Update No. 2014-0905/28/2014
BuydownsSupersededAccounting Standards Update No. 2014-0905/28/2014
Cash ConsiderationSupersededAccounting Standards Update No. 2014-0905/28/2014
ConsiderationSupersededAccounting Standards Update No. 2014-0905/28/2014
Cooperative AdvertisingSupersededAccounting Standards Update No. 2014-0905/28/2014
CustomerSupersededAccounting Standards Update No. 2014-0905/28/2014
Reseller (2nd def.)SupersededAccounting Standards Update No. 2014-0905/28/2014
Slotting FeesSupersededAccounting Standards Update No. 2014-0905/28/2014
VendorSupersededAccounting Standards Update No. 2014-0905/28/2014
605-50-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-50-05-2SupersededAccounting Standards Update No. 2014-0905/28/2014
605-50-15-1 through 15-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-50-25-1 through 25-18
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-50-45-1 through 45-22
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-50-45-19AmendedMaintenance Update 2020-18 (PDF)11/25/2020
605-50-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-50-55-1 through 55-127
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-50-60-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:45:07.107Z to 2026-09-10T00:45:07.107Z Record version: sha256:ea73a67dcd61d48d866422efac568d1fa29e6c7bbbb75b295b562f40650529ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/50/#05-overview-and-background) SEC content: no ##### [605-50-05-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:07.107Z to 2026-09-10T00:45:07.107Z Record version: sha256:d4c88dc5e35a473acec88aad904c22ec9e0c8b439eec0e60ab8ba173c1928239 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-05-2](https://asc.understandingaccounting.org/asc/605/50/#605-50-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:07.107Z to 2026-09-10T00:45:07.107Z Record version: sha256:dd2b0bc0c1ac3abbe67dc15afadd35359df5a4a49b5f5f786c39fa5b859f45cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:09.632Z to 2026-09-10T00:45:09.632Z Record version: sha256:999ef405ba9ba741d7009b49b01a01fbd7dabf4c1ebe705b79592ea7c7df584d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/50/#15-scope-and-scope-exceptions) SEC content: no ##### [605-50-15-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:09.632Z to 2026-09-10T00:45:09.632Z Record version: sha256:d12029d54dd610fb2d8bdc8e79c491778642773134a09128555b94bc37de90a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-15-2](https://asc.understandingaccounting.org/asc/605/50/#605-50-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:09.632Z to 2026-09-10T00:45:09.632Z Record version: sha256:c4189205a511a5f9b1970e1cf984b46cdbc6d975968c5a2ca53f624819be6c5d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-15-3](https://asc.understandingaccounting.org/asc/605/50/#605-50-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:09.632Z to 2026-09-10T00:45:09.632Z Record version: sha256:cfd0f578418b4e818a5b8208a800c28ceeb33047c0469d06d445a9893848b209 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:13.437Z to 2026-09-10T00:45:13.437Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/50/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:34e4ba42ec80e71837c7b04f11bf29790f520af6c1089964d8c1d9a1e38c4b25 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/50/#25-recognition) SEC content: no ##### [605-50-25-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:4ec193b19492bd07103cdfe1182c68a0ae9ce6b1d4d9fe1f9ad1dbb35fedce35 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-2](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:c2a3c9267d9d8a19abdb084ba2fc5d3bf02e1896e12b81437b02eb54d7cfe597 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-3](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:a91caf9b8ef4ada262e1218bf2b7badc7284c9c905e01508b8668524182202a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-4](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:98303dcb86eaf485b4651b25bfdd8fc78459fe33abf90df87e8e1a771bccc079 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-5](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:94f0da4ec6165b246910696e7b975706b7bce67b4c21bdd8d76291579561733b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-6](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:555a9c9db77e92342d76434fe5b9e448994bd863a5cd0ccd380f70206a4fcda6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-7](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:24c33c455f3226ff6a28c2607fb89541074e52b26721956c1dcfa2c37752b869 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-8](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:398d2aefe8063a864f21f3d2e406b40d839e5762cb85ad5d7dd6b74ab7eb1606 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-9](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:a3f5bbd7a332b077ee01dcfbd94d7b62a4502d866ea60e42c2ea8f9448f7d3c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-10](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:3fc33ab0f68e86d534311753a237cf278db99e6a9bb25551f23401d6fa5f3b97 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-11](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:7c03624e28852497ac2a7b867beaab197d9d5249dbee1f2b61d93275760e6b44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-12](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:6e489c4c2bcd5d328d5ac3995ce1012b713815df5e865309e984ccc0d85f879f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-13](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:ea29537dacd1e184a2db4373537005569fddda35b5f7c139d5d31f75552a50ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-14](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:0b6c7452290ac6a3c2632882cbcfb18516cf6a0d9334445d388f492431ed550b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-15](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:033c080dfeb35b9a3953cffbd01125452ce4d304250b70c5f37ec21f0fd28c3b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-16](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:668ff68f21de90805710ed1b1ef62d85fe60500e1ae16620fe75a9b8c472bc81 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-17](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:9e170f1293b4cb4e935e040229ffca4ee05583eb1af2a0887bc8631863571bae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-25-18](https://asc.understandingaccounting.org/asc/605/50/#605-50-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:17.533Z to 2026-09-10T00:45:17.533Z Record version: sha256:e4ae38f1cecb6436edbd96c6c412ce40489f6c8fe268f42aaf87b65a7160fac2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:2e72ca1179c1aefd95fa8a774ac19e63bd6cef19f0503ab5bbfb4cc60e97f4e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/50/#45-other-presentation-matters) SEC content: no ##### [605-50-45-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:497c0db7db1eb086e91e491bb4aa24918c715d63ade81826877fa288f0edcc4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-2](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:bff5a918b04f4761f89ed218967d4aaa1f7cc6be91dc96a47770216593ada60c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-3](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:5c5b23def2ec87942db89edc1794cb46f55f47b51f9c33640b6a9b8709cf776a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-4](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:7e8110615dc28ee60ee85b52bb3478e33ae3c82780191343d71eed7a44dc07ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-5](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:e2b779358dfa5ab6dd61222c9c6de730ece88eaf14247a093a445b0200228893 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-6](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:f51c9ccf1c3f5cfe194540cffbefd777352f2ac7eb5b2dd0fbd054c014de64b5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-7](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:58c6aa4a3f406be19f444e232cd7492ed29fa8ef3e5cca9fe5630126c3da97f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-8](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:0f95786acc70676a8f36f22e8892bfe8cc95f8ca9d61c2a06c8045e4c6fd3abf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-9](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:862ef16cc70268e28134f1369b1d85eca48f028aeb0588146f1b704a43183ce5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-10](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:42235df44bf5e3c3a653e7e6b5cc2acf77e0630fb2c76ff6a61c9597727e8fc4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-11](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:85f0829952002c0118033de909f58b4cb9997716aa68c2322c61408bc179b136 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-12](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:51c21983756e52bf5b069a5adda6fbd7b4d51e1c22a5baa1f24f06253becacda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-13](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:5d3afdff07d2a766a25a9569a5056d56c1845dd4b0369b5cbbe720c9b1e66ce5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-14](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:2218e872dedeac24003af225881d8bfec20202281c50313d07f4a9274cf7c7f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-15](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:3391fab8bdcd6df913bfcb6881677adebb79f584c6aab7e13635b67cf5053f01 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-16](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:ce535d4b0906f5a8caa9acf6b9875067d8a7b648e56d91d3354af6058fe671f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-17](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:757598b6b54f5f7997824be1481b0ed1a1dd52883cac91759d01f3fa1abf747a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-18](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:8c0abab471edf71a9be40a2114f2e0ed3fe734190d4e1b16c82582c53b5f0b16 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-19](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:1054e0880de569c6bedc3b217bf297e2c22949c8943e37f3a03423ecdbd6c0dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-20](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:8412ec61a8019cb23afeb75846c3d286d39dac6d99c0e5ea0f87b2f150d1ecce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-21](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:29e66c100d0c2417384623e44c1a0ed01267a900624b0e4963612db588c51f44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-45-22](https://asc.understandingaccounting.org/asc/605/50/#605-50-45-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:20.270Z to 2026-09-10T00:45:20.270Z Record version: sha256:3a52a521ec575fb02e3bf6a51a2977393cf660c7f9cb3f35c4991a9a5c126b0a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:22.723Z to 2026-09-10T00:45:22.723Z Record version: sha256:373570789bacfa8e46989b5773fc2342a85cef4784ccd3ff25215684d6b6de79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/50/#50-disclosure) SEC content: no ##### [605-50-50-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:22.723Z to 2026-09-10T00:45:22.723Z Record version: sha256:797355ad2ad0f68be7586e49c053bc2d66145939ea0e2d9076c80bbd8aa00932 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:df342236a1390f95102f7f6de343d028b7abb4a156d230357354cd653796411f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/50/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-50-55-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:854372b302a266ba54ba4e893356d112aceafba065faa15dd91adb9a6881ab28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-2](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:d7ec35d4be9fcb7578d33cba836311506153553ce00f657805db4bbbd2e178ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-3](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:eb3d484b8b8b808d893516622207d2dc8d7c201fc527ab73c041a17b22fcf179 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-4](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:afb5242830efffbaf58088138272a5fa3df008832b917ea56115e424c7c487ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-5](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:4203db585ba39acd71d813d5e60a0e843141331d1d75a8954e0c2fe12c6ab870 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-6](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:d8f818b9d50697886cdc864380775a333dedfa55e3e117516c3d3c558b39c68f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-7](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:c02a658abfeeeed918f28c91fda0a79866853c3eb9fa474fc082c24f11fbedb4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-8](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:e685c9ec1657ae920b342ea5055e2bbf7d8e848cb02a47d6688cd272c3129f8f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-9](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:57da23e83f87a391516252abd1ffe73b547088131f25193ecc0376ed6d919028 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-10](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:717bc1f46fcda11c9e5a90ea07425d0158a5c3b197f1344b779704f0e5ffd5e3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-11](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:96f1ebfe49f93f73a8cbc2a53746b41bd85c7bb08a4d81739e5942b79e505a22 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-12](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:d7f680989cf3be2c1ac2da95ac0ab69ddae3db9df389bbd400f14d00fc03a87c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-13](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:d88fd70409697583c87d8c7d6c93ecbd305b4bc2dec14befc26f281ca363e7e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-14](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:d0254c718c91dfb26bd19e161c7f221ec25d8d4bcba5344241676a2b6e8017e3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-15](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:c2e440ec0d33856ad35bb66c5acd402ed32967ea71dc429743bdb4c863fcda50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-16](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a5c7341e9984633b26d4880ed57028621fa13c9d1b4abfb228999966130b980b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-17](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:647d23a5df00ad41091832e6d762b859a50e0c9fc905090138772f772bd9b18f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-18](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:40816d12afc32820f107b3a7335c84a7bb134e63fd0632244e84423de1191bd3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-19](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:af80e3fd02f2ff3ae22071fd238b25edc27573f01abc1f0067527d063f30b130 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-20](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:b98bb068e7c635718e2e649781e9a92b349873fae11c1c0b5d543c96d20d8ff8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-21](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:f7bf3f1197cce5a33b0c8bbe9e2159456c64bdea683869aed47b735ab0b4e444 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-22](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a7fbf0826e387560def9f4357819aeab939c3bae75b53dcdb3ccacab4fd52222 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-23](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:0ae7be2f129a72c7e52fbd75226ac0f476504276ffbe46350b0440222caa63ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-24](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:abb4685daaef55a573d02f90659111d99acdbdd2c50a63a660884eba44f5b9f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-25](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:ffae2fa3cf10f89e5f61ce5ed719caaa2f805954f132c795258383c6a9c732f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-26](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a2bafc0978a205cee2b7daadaf4662b2eec3fbe16dc313fa094a0be32e9250c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-27](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:34a46bb5b340d8ecb467d15dc68fc35f948f88e8ff7582f2cde847a32b17aeb1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-28](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:7bb87d591c1f4b023753f26aaf91771b5704616bc25586197f35f63b1f40e476 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-29](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:ae5221512a0e70df882bd92f1d908d01a2111201cbd66939e30285571e18d400 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-30](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:275f1fb970e39ec5749ee17ed6a9b5fd4c0693eded88c062a55903d9469afdbc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-31](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:1a3ab6ff5dbe222c1206000332d4d373f54c8a7075599bdf027affd52fd940a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-32](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:bffd962fa841d5140964ad8fbf10b41b2a4fd15f50b37ecc8620dfbf45959caa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-33](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:9a767bbcc7ed6f136b46380f9e3ab18f9f3491b58be2c6b7ec7bcf12b8832d95 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-34](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:f26c633e880601ee39ccf72d0fb4bd634845686728f6034616581f142dbc374d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-35](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:e3865be8d703e487568b6579d5222cb528e4521ff0df28dd455fdac194020b2d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-36](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:cfd83f859c02278a7a7670fdb38ca5e56988bb6a9656947eacdbc87f4f6fbc20 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-37](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a87db18efcfca4e8cbfb32ca0df563fe10327194dd73127494e529ff2517dd9f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-38](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:7cc1204bec9c893b4f393eef148ff3082800a1dc4bd9345e12f58aba78b93216 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-39](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:e4d679e1a1bf375c94fb0fca01a2b10f730394ab911fac09ca94b1f8799bb7f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-40](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:67f3c0309ef86b020d84be9d29bf02f06f64c9843273b1bb194acd9a2fd60330 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-41](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:667a99d4030869ed481143305eb5296beb5fa091476cc50a0c921d3dedb551ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-42](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:9e6450ed9d2f3265c49fc667db7bedfe2951ba215acf23020a98d9532d5f9229 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-43](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:649b63d84198d380f9187bb945fd5e58f445231374f5db30a2dc3c7608ad8172 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-44](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:161f234a47bfc20e90eadcb73860afa7663812c54e1a701120d24a03a3bc14e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-45](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:0d3a3bcfd3fec70ad0c76b42b643b471db0323e8b9e1ca3d9b3998d14f72257e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-46](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-46) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:629d20ca4ea492632b17c06738e9d9163556f0d8898e93f80300e7ad9b7547b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-47](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-47) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:7405101b109d4dbf04ae88f81fb37d71823f07cd2af4cb1edb66e13d08d523a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-48](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-48) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:f50d770b8d5b15bc754c686b32b8d0397a829f33f1715c27455d2670cb2c865d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-49](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-49) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:9d5e1a633cdeb4edb595f7e8f143a6c16cd081eb18742c25adb586960ae6a1a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-50](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-50) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:1a6935f05b50c3f4003f8eb3f4613076228ee4f4a8dfc3c7221ad53645136697 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-51](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-51) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:922f8456e20986346ff01db8a137f1a41ab04df27d257936ad1a00567607fffb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-52](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-52) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:7f46bda12c8755e12f9270c8929fc9cbbfdf8de7d011fbed6f87fcef8e1d2145 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-53](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-53) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a988870387972264b88111ea2a0e3eee636d59ca8af59cf05ba1e7bcf1b283cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-54](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-54) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:d61f92e56dd85398481a6df22399dd9b5e8def43e0f488b0784016236d7711ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-55](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-55) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:987c7ff1c34aa939a195d55eb2125c6f139ad629230b6b9e855ee4309ff04a71 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-56](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-56) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:9e1f11d6c850484761d6b87712367d8d0a1928e0053bf0b3020fc1699d0da91d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-57](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-57) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:7b3ba80f80d2cb9642f0e389847dbbf38f1e20b11c75d2b641e2bec1e25b5625 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-58](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-58) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a4cd19b149cd88c375b578048296dc802bfd07c8b7b04b90f4d5f86376b94bdc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-59](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-59) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:b6c44d0213d2ff2d7f6bc88be6e6eeffe2a298cf294d8915811829cfc526f91e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-60](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-60) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:5e0f9ad2a83bbef17f95da6888999eae62ef0740e9a152145eab4ceccb042545 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-61](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-61) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:3cd08c2aeb0ff1ec587faabeb88c3022f6d6f7748376f47eead68c70d0a13dbc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-62](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-62) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:1097aab8b2b21e8456e96f9a9dafdeb5e1b8356cabff8c4ce037ba5345d3739b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-63](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-63) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:8f6da928ca6d1bfd1789a4647b7f560dfd3c9ecf30b24305ede537fdce007063 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-64](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-64) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:1fdb2eea1d7c49664c19bcd4e37c5b4c07f8e06589893465b761daf1b5f390bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-65](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-65) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:1dfa51c146878e8c1cc29b86eabc73b0979d6cf40e1618d91ec141c30b18511d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-66](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-66) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:c65d5a36978b6246e4f13a48739a8c550e5ba9afd0b80a9962a3f511fa2cad5f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-67](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-67) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a72704cbbf7bbb5e500794384bbcf10129b1110c0f51bc030011c53a9c6a16ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-68](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-68) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:bd9789bde12e5a25c252425dc160da411fd2d7fa27d460e8ab85241069a0d03c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-69](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-69) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:3f3ffe140f9ebbd5f7b8c36404048ee1ae2d2bf9d7b88b30506869f8e67db133 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-70](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-70) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:2002b0e862ce253de1e3cf2d15ede9dd78675e29aba499258869bd5110e2a6f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-71](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-71) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:7352b2780fbfdf2e5cfb021851287746412f16a7a22100f5408b5f347f128c95 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-72](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-72) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:05e40a29eb0c6295ae9844bc0a50859c2cd246187c9621f8b7cbbb16240d37f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-73](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-73) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:776c1d2f62593febbf06ac2b284695064932e6b6e7896ac4f2c7677503e9c7c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-74](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-74) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:f9851393ae77ece172762e6b0240bf60ba2afbcbc42695b5497aa2fd3292e83d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-75](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-75) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:908e71431f4d9901b7e5acd70b42ebdb80367d8c52eb2d6b84ba240860fb3586 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-76](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-76) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:ad879ddd2cd79d28a8acdf170bc850706b2b678c937ab0e99a6d53e07dfca607 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-77](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-77) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:35f20e6dc16b9e6198dfe8d3a33c0b6725ce4f3d6ab2fe11f214a5cca95630f7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-78](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-78) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:202333597bcab5ebfed3ce81e22e06b8c427410686bab70e15858dd3a21f1fd0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-79](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-79) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a8bdb548ad7a4202e5c0ad2749c8040469010ed10e3cad22e79f72f93140754b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-80](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-80) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:5b2cb00f1487f2864903c8007f3d1d7adb47eacb1d2353b798f1668082c4d32f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-81](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-81) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:37879a762d7a7714adfbacde30ee67ff2d5136bdef70f8b70e528e4f1a8475f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-82](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-82) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:6c9c68984043e0de30307ebafd80d1c6cb74bf01e46f87d5b753056e38fba3e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-83](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-83) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:6b9c3fbe57b4869246a4223cdc2f4a0d47d0e106552aad09426713df5b5c83a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-84](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-84) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:0b61a9a7863e3bc87872ade7671930dfefcd4e596259d459977acfbeeaa5f7b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-85](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-85) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:ecc88eb493b6c6d054c4e24fef970ca6130bad880d7fdad468b0f5d4daa1a0ec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-86](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-86) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:aa6984b82baaae089b8ab591747d28b8de2573355bcb2ca04eb6a44be8d53b4b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-87](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-87) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:b65cc355fda2d607260b6ed9b71be369304f88aef29ed5add66ff1ba1be3420d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-88](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-88) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:3e43fe8feac2369f569dbcfcd1a2d6a5a839aa02123084d023dfa7b8a909d521 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-89](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-89) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:0e5fb5a63634907f3ba587aef67ba0c226645571697ecea2d205f102ba0328cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-90](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-90) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:1a2319f9d53c0f36a0d8cdde03745a67303f3fdc546b317b5555a1d9f7568dca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-91](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-91) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:edeb0fbd23c621fa3fb83cfb0d4e7ce069b07967f26c48a41144ea8cbeb72b70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-92](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-92) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:01b4d5e2031a35e053277b2922e1410e2b8d09074abd325590f0cdec3c8d3fad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-93](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-93) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:afb272d8ea4c4a4e845dc0c2255c0d0ebb820ae56f11691644f13bd72a39ee2c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-94](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-94) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:dd443a219554794491c988228a239d81dd069e52916a114b4797e03409c13ae3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-95](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-95) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:2dd9b1727576ba0391b816c46582048727156e0db741e77c8bc43519247ab7a4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-96](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-96) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:262cc99677306092b66614442267f53ebef1bc515fca8d844b2c36fbd65d7101 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-97](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-97) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:d48b11cd3dea2073771478953dc4c75b8500d4a617bc2ebc2a3e75145263962d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-98](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-98) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:6311daa341b66fd87b0a25f3c186d3d30d142171594f05776ca979dcd66cfdbc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-99](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-99) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:aee3d8e3eccb5f489f3f48ff35efc760494818ac6192bd5163bc6596847c9d12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-100](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-100) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:12aa61cf14316a329b93d0dfdaa3fa6780aced9cae3f973604a37ad97c3e5850 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-101](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-101) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:5d6c4112aa763741b162f1f521c03873372a6da22fc2df6a406fec60e8f3e61f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-102](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-102) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:3a7f16b7a09ebfd58bb9bb5c4ed9ca5f382bc6f44f67ca525bc5cd5e37e2165c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-103](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-103) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:fb3267e3f5bd013f8653c001a7ff20113fda3cd8895980deb3ccb662ba08e7c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-104](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-104) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:253ee156923507c20f4e998bc6ced5c1009d7719a9cd80b930bad926897584a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-105](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-105) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:ebbfc3165b86fbc2431370cf3bbc5b9b226e901d33d4d11689d4cf44060f2c1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-106](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-106) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:c999b44e94bb2f37dfe34be0318c93ad0edc4dbf052ce0591311e34036226721 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-107](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-107) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:3d556323ae79b417b3ab6c21be598fb1c3bdac12895f5d1632c78a5b3adb5a31 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-108](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-108) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:eec2ffd030ccfb6cb4ca352f7b25cd3fd6dd93d963deb53ff91e6bb89545f2d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-109](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-109) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:f2d3616a1c859caa78b18854730cdc254c0e141543fc8416adf91637ba85c61c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-110](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-110) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:13ba01e3bcda11cd5506f1481d40dbd3544150df7d5491b89768de2a70204663 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-111](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-111) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:00c05cb9a9bb7b350ada1f661f177575001677dac6dbcc9787fdba4da62240f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-112](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-112) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:7f6db717c96213b1ce2aee7dbc6a23e1d43da70f0219e543b458230efb06c312 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-113](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-113) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:ed29510593a7f1acf250f8a23aabc50647ac9f57a9545d80c855cdb7a25d7e1d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-114](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-114) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:fd4697ba88cf7f337a56f95fa9241b45c11c27eb880720383ce5c6f37572f8ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-115](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-115) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:25cc677b9d35bf275ecd835e4acb4b9ba3a98f55974492be43d5e8657783d3bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-116](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-116) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:49ec026bf94a72b9ec8b2833cab5ffcdcd4f22cbe0de0a2b18d7e70719f24a75 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-117](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-117) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:2ed94c5d5e209771ac706b0de7417e2793c55d548ea7cbe8452849f17b13eb63 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-118](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-118) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:48b860609e52baca0c047df44950e6f9744f8ea992d4c20d07343bf0c51ab8dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-119](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-119) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:35b00509acf2110c8684982b18340f81016219713c2198ad1346763ea2a76bf7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-120](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-120) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:431c2febcf724328f9f0d12064e7afa9f06a74d751fcbe34eb30d0e6054faac7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-121](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-121) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:02874cbc694c121479f57c6f5879b893725e7dd82f7d111269e600da6acef4e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-122](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-122) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:d9e8914064d20d9b4cf20d5315e07dfc1f7d72dd1c190420c7dde9f000fad83b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-123](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-123) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:de6ee76bc80ff23a866097e9bcb1a0f6a7a3112e992790e1c5cbdd39a2b062a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-124](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-124) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:4eca1f9de698a5c936ed1ae269fe255fb298e473dfb568e7f9c6afc0216e1796 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-125](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-125) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:a7a24180a37ccf13591b9de3440a65fdf59ae928f243f863f92e58ce4ce241d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-126](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-126) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:be122ad941d12d008d23fae99cb21dd2aa439367193e8ad6c385d5d6e2b5b450 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-50-55-127](https://asc.understandingaccounting.org/asc/605/50/#605-50-55-127) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:25.540Z to 2026-09-10T00:45:25.540Z Record version: sha256:568f6955d025f0c265ce4ddfd1888a8be10e171ccc0619168b4c9e19be1553ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:27.396Z to 2026-09-10T00:45:27.396Z Record version: sha256:b8095b0bc9700e789b154f04b8230d4114775e5c0e3029b6cd2df143fca9a424 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/605/50/#60-relationships) SEC content: no ##### [605-50-60-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:27.396Z to 2026-09-10T00:45:27.396Z Record version: sha256:21b6d46aedefcc07bc5d810e45031b0cc5e25422d85341d53206135311822908 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:31.043Z to 2026-09-10T00:45:31.043Z Record version: sha256:0484ac86124249c2e338b1d0b511a92960cde1cd883977407528c01e1d4c9840 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/50/#sec-00-status) SEC content: yes ##### [605-50-S00-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:31.043Z to 2026-09-10T00:45:31.043Z Record version: sha256:9cc8e22dffc208f1d71383e01355cfef1f3d178ccd9841ee997f7212d9a40556 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
605-50-S45-1SupersededAccounting Standards Update No. 2016-1105/02/2016
605-50-S99-1SupersededAccounting Standards Update No. 2016-1105/02/2016
Source downloaded (UTC): 2026-09-10T00:45:34.471Z to 2026-09-10T00:45:34.471Z Record version: sha256:e20f8cda44d12a01baf6740ac1068b7d16d8b78b35a9658cd35a5ebeedc01f2e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/50/#sec-45-other-presentation-matters) SEC content: yes ##### [605-50-S45-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:34.471Z to 2026-09-10T00:45:34.471Z Record version: sha256:2aef96ac987490b57218e383a6a834aebcecc5a2aa02e9d142a34fb694fd5521 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-11](https://asc.understandingaccounting.org/updates/asu-2016-11/). Source downloaded (UTC): 2026-09-10T00:45:37.679Z to 2026-09-10T00:45:37.679Z Record version: sha256:3349289a6f4ba0b508f6d0fe09bf1b87e781704cc9671546c923defb57cb3370 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-50-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/605/50/#sec-99-sec-materials) SEC content: yes ##### [605-50-S99-1](https://asc.understandingaccounting.org/asc/605/50/#605-50-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:37.679Z to 2026-09-10T00:45:37.679Z Record version: sha256:905ce66b0aff49478c85c8bdffbe87fda37b4d4d4cff88034c1eda7d38fd199f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-11](https://asc.understandingaccounting.org/updates/asu-2016-11/). Source downloaded (UTC): 2026-09-10T00:45:40.215Z to 2026-09-10T00:45:59.310Z Record version: sha256:8d9ccdc5c77228756e225721815dceeed08a3492c3abd3a52d5faa28ad85fc27 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-905: Revenue Recognition — Agriculture ### Machine-generated study aids ```json { "summary": "ASC 605-905 provides industry-specific revenue recognition guidance for agricultural entities, with separate General and Cooperatives Subsections. It requires government income replacement and subsidy payments (deficiency, disaster, and other program payments) to be recorded as additional income when the amount of and right to receive the payment can be reasonably determined (605-905-25-1). For agricultural cooperatives it describes accepted methods of allocating overall, departmental, and functional losses among patrons, equities, and unallocated retained earnings, and distinguishes patronage from nonpatronage earnings (605-905-45-1). Most of the customer-revenue paragraphs were superseded by ASU 2014-09.", "key_points": [ "Deficiency payments, disaster payments, and other government production/indemnity/land-withholding programs all constitute additional income and are recorded when the amount of and right to receive the payment can be reasonably determined (605-905-25-1).", "An overall cooperative loss may be disposed of by allocating it to patrons on current patronage, allocating it to all equities, charging it to unallocated retained earnings (equitable when the loss relates to nonpatronage business), or offsetting it against future amounts available for patronage allocation (605-905-25-2).", "Cooperatives account for revenues and costs by function (supply or marketing) or by department, and expenses common to more than one function or department shall be allocated on a reasonable and consistent basis (605-905-25-4).", "Departmental or functional losses may be offset against profitable departments, recovered from that department's patrons under bylaws or a marketing agreement, subtracted from net nonpatronage income, charged to unallocated retained earnings, or offset against subsequent-year patronage allocations (605-905-25-4).", "Offsetting patronage losses against nonpatronage income may not eliminate income tax due on the nonpatronage income of a nonexempt cooperative (605-905-25-4(c)).", "Cooperative earnings are classified as patronage source earnings (excess of revenues over costs from transactions for or with patrons) or nonpatronage earnings such as investment income, nonpatronage rental income, and nonpatronage sales/purchases (605-905-45-1; 905-505-45-1).", "Scope follows the General and Cooperatives Subsections of Section 905-10-15; numerous paragraphs in Sections 05, 15, 25, and 45 were superseded by ASU 2014-09 (605-905-25-5 through 25-9; 605-905-45-2)." ], "categories": [ "Revenue", "Industry-specific", "Recognition", "Presentation" ], "audience_level": "intermediate", "student_note": "Most of this Subtopic's customer-contract revenue guidance was superseded by ASU 2014-09, so what survives is essentially government program income recognition and cooperative patronage/loss allocation mechanics — students often mistakenly apply ASC 606 to farm subsidy payments, which are not revenue from contracts with customers.", "related_topics": [ "905-10", "905-505", "606-10", "905-330", "905-405" ], "key_concepts": [ "agricultural cooperative", "patronage earnings", "nonpatronage earnings", "deficiency payments", "disaster payments", "government subsidy income", "loss allocation to patrons", "functional and departmental accounting" ] } ``` Source downloaded (UTC): 2026-09-10T00:45:40.215Z to 2026-09-10T00:45:40.215Z Record version: sha256:479cb3eff2e6b486e8261db8751b56ec6af843e81eb7c367e0babfe549208f6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-905-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/905/#00-status) SEC content: no ##### [605-905-00-1](https://asc.understandingaccounting.org/asc/605/905/#605-905-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:40.215Z to 2026-09-10T00:45:40.215Z Record version: sha256:7ad6d4bb687bc82ca373bd043da519f95cbd56399ab23097883bceaef957dd5a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Agricultural CooperativeAddedAccounting Standards Update No. 2014-0603/14/2014
CooperativesSupersededAccounting Standards Update No. 2014-0603/14/2014
Member of an Agricultural CooperativeAddedAccounting Standards Update No. 2014-0603/14/2014
Nonmember of an Agricultural CooperativeAddedAccounting Standards Update No. 2014-0603/14/2014
PatronsAmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
905-605-05-1AmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-05-3AmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-05-4SupersededAccounting Standards Update No. 2014-0905/28/2014
905-605-05-4AmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-15-2AmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-15-3SupersededAccounting Standards Update No. 2014-0905/28/2014
905-605-15-3AmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-25-2AmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-25-5SupersededAccounting Standards Update No. 2014-0905/28/2014
905-605-25-5AmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-25-7 through 25-9
SupersededAccounting Standards Update No. 2014-0905/28/2014
905-605-45-1AmendedAccounting Standards Update No. 2014-0905/28/2014
905-605-45-1AmendedAccounting Standards Update No. 2014-0603/14/2014
905-605-45-2SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:45:42.156Z to 2026-09-10T00:45:42.156Z Record version: sha256:8e9096279bd91a2a313c67a3265317d6c23bfd11410aefd4181e8f3f6643b407 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-905-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/905/#05-overview-and-background) SEC content: no ##### [605-905-05-1](https://asc.understandingaccounting.org/asc/605/905/#605-905-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:42.156Z to 2026-09-10T00:45:42.156Z Record version: sha256:d59754ee0ffe65e358ed9f63148d3295ed31038fd7d363c76cdec2f5129b27f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic addresses revenue recognition for entities in the agricultural industry. The guidance for accounting by different entities is presented in the following two Subsections: 1. a General 2. b Cooperatives 3. c [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-905-05-2](https://asc.understandingaccounting.org/asc/605/905/#605-905-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:42.156Z to 2026-09-10T00:45:42.156Z Record version: sha256:a56f2fd2f1eaec7419f4e03ba3734b4c0fbc4e94a80d08098d64378d7b801c3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The General Subsections provide guidance for all entities in the agricultural industry. ### Cooperatives ##### [605-905-05-3](https://asc.understandingaccounting.org/asc/605/905/#605-905-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:42.156Z to 2026-09-10T00:45:42.156Z Record version: sha256:55c1316a0e33e42708413f7d35b89a58ba032616bb72f9c99b49f3a14a86eeb1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Cooperative Subsections address revenue recognition for cooperatives in the agricultural industry. ### Cooperatives—Patrons ##### [605-905-05-4](https://asc.understandingaccounting.org/asc/605/905/#605-905-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:42.156Z to 2026-09-10T00:45:42.156Z Record version: sha256:4e4ab3d8a8eafb4590c90048e3952641a5dda07aee7dae21c9a543a665fd0d25 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:45.881Z to 2026-09-10T00:45:45.881Z Record version: sha256:54af275c9db22ff24d097d8db321ba9eb4eced4fa511032a7143e027abf5184b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-905-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/905/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [605-905-15-1](https://asc.understandingaccounting.org/asc/605/905/#605-905-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:45.881Z to 2026-09-10T00:45:45.881Z Record version: sha256:cd5949d26d45e2498f76bbe0b85a84302e89411a9768135344a16fa41d6f3f3f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see the [General Subsection](https://asc.understandingaccounting.org/asc/905/10/#15-scope-and-scope-exceptions) of Section 905-10-15. ### Cooperatives ##### [605-905-15-2](https://asc.understandingaccounting.org/asc/605/905/#605-905-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:45.881Z to 2026-09-10T00:45:45.881Z Record version: sha256:281b516828c2d0b2911ab68208dc0c0b3f5cd1e85dcba4c52c69f7bb88cfffdb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Cooperatives Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see the [Cooperatives Subsection](https://asc.understandingaccounting.org/asc/905/10/#15-scope-and-scope-exceptions) of Section 905-10-15. ### Cooperatives—Patrons ##### [605-905-15-3](https://asc.understandingaccounting.org/asc/605/905/#605-905-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:45.881Z to 2026-09-10T00:45:45.881Z Record version: sha256:85022ebcbfd32c38b0d2ee1be9a757938510272139959444477657a819011b9b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:49.976Z to 2026-09-10T00:45:49.976Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-905-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/905/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:8e2da7e2fdbe6b1579de85f70317dcfec1c64bfee8154f4b7d028fcc1226e82a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-905-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/905/#25-recognition) SEC content: no #### Income Replacement and Subsidy Programs ##### [605-905-25-1](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:7d429f2fc5b004b3bb8a1b3289f36135fd843cd6130b3a511216419793031d3e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Income replacement and subsidy programs are designed to bring income from commodities to certain predetermined levels and include: 1. a Deficiency payments, which are subsidy payments resulting from low prices for designated commodities. 2. b Disaster payments, which may be made to producers when disasters prevent planting or reduce yields on [crops](https://asc.understandingaccounting.org/glossary/c/#crops "Grains, vegetables, fruits, berries, nuts, and fibers grown by agricultural producers."). 3. c Other programs, which are available to producers to encourage production, provide indemnity for certain types of losses, and reimburse producers for withholding land from production. All of the above payments, while different in nature, constitute additional income and should be recorded when the amount of and right to receive the payment can be reasonably determined. ### Cooperatives ##### [605-905-25-2](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:b39bf55078d33126e86edd7dd3a421d65a6ab629737e5d8bac9203c96cac6eac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A cooperative may incur an overall loss in a given year. The disposition of losses may be made based on bylaws or the board of directors' action. [Agricultural cooperatives](https://asc.understandingaccounting.org/glossary/a/#agricultural-cooperative "The Agricultural Marketing Act of 1929 defines a cooperative association as any association in which farmers act together in processing, preparing for market, handling, and/or marketing the farm products of persons so engaged, and also means any association in which farmers act together in purchasing, testing, grading, processing, distributing, and/or furnishing farm supplies and/or farm business services. Provided, however, that such associations are operated for producers or purchasers and conform to one or both of the following requirements: No member of an agricultural cooperative association is allowed more than one vote because of the amount of stock or membership capital he may own therein. The association does not pay dividends on stock or membership capital in excess of 8 percent per year. In addition to meeting either of the requirements in this paragraph, the association shall not deal in farm products, farm supplies, and farm business services with or for nonmembers of an agricultural cooperative in an amount greater in value than the total amount of such business transacted by it with or for members. All business transacted by any cooperative association for or on behalf of the United States or any agency or instrumentality thereof shall be disregarded in determining the volume of member and nonmember business transacted by such association.") use a number of different methods for disposing of an overall loss, including the following: 1. a Allocating the loss to [patrons](https://asc.understandingaccounting.org/glossary/p/#patrons "Any individual, trust, estate, partnership, corporation, or agricultural cooperative with or for whom a cooperative does business on a cooperative basis, whether a member of an agricultural cooperative or nonmember of an agricultural cooperative.") on the basis of current [patronage](https://asc.understandingaccounting.org/glossary/p/#patronage "The amount of business done with a cooperative by one of its patrons. Patronage is measured by either the quantity or value of commodities received from patrons by a marketing cooperative and the quantity or value of the goods and services sold to patrons by a supply cooperative."). The loss may offset the patrons' equities, future patronage allocations, or future cash contributions. 2. b Allocating the loss to all equities without considering current patronage. However, patrons with substantial equities and decreasing patronage may be treated inequitably if this method is used. 3. c Charging the loss to unallocated retained earnings. This method is equitable when the loss is attributable to nonpatronage business. 4. d Offsetting the loss against amounts available for [patronage allocation](https://asc.understandingaccounting.org/glossary/p/#patronage-allocation "Patronage earnings distributed, or allocated, to individual patrons on the basis of each patron's proportionate share of total patronage. Such allocations, which include notification to the patron, may be made on a qualified or nonqualified basis.") in subsequent years before making any such allocation to patrons. This method may be acceptable if the patrons are substantially the same from year to year. #### Departmental and Functional Accounting ##### [605-905-25-3](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:e0db98b36b754e908e7e6a8fd5985f0c6f7ddf13a4343065d31a51327ff8487c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Cooperatives operating on a functional or departmental basis may have net earnings from one function or department and operating losses from another. It is a common practice for losses from one function or department to be absorbed by profits from another function or department before earnings to patrons are allocated. Some cooperatives distribute departmental earnings to patrons and charge departmental losses to unallocated retained earnings. ##### [605-905-25-4](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:e0f80222a5f77b919e5b8a4f14939687dbf9f36fb68c70bed9dc0049b4719b59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To allocate earnings to patrons equitably, cooperatives usually account for revenues and costs by function (supply or marketing) or departments within the function. Expenses common to one or more functions or departments shall be allocated on a reasonable and consistent basis. In addition, one department of a cooperative may handle several commodities, and departmental revenues and expenses may have to be allocated among them. Cooperatives may incur a loss in one department or function and realize earnings in another. Methods of accounting for these departmental and functional losses include the following: 1. a Offsetting the losses of unprofitable departments against profitable ones, and allocating the remaining profit to the patrons of the profitable departments by using the allocation method adopted by the cooperative. 2. b Recovering the loss from the patrons of that department or function on the basis of bylaw provisions or a marketing agreement. 3. c Subtracting the loss from net nonpatronage income. Offsetting patronage losses against nonpatronage income may not eliminate the income tax due on the nonpatronage income of a nonexempt cooperative. 4. d Charging the loss to unallocated retained earnings, and allocating income from profitable departments or functions to patrons on the basis of the cooperative's allocation methods. 5. e Offsetting the losses against patronage allocation for subsequent years before making departmental and functional allocations to patrons. ### Cooperatives—Patrons ##### [605-905-25-5](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:df36b822d6040e56cd98b4d857d9836bfea9a20a78347c8b7d22a161b001d501 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-905-25-6](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:2056cbeab77856aa74fd44528950f05256a0eb5c59cb3c3233fa66cddd5ade67 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. \[Not used\] ##### [605-905-25-7](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:adbbb6cdedf46a7c74d9f9ad045393775e0cef3b119a7d3ccf3dfc39ae8482dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-905-25-8](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:30f077d162e75e967b2b05ad3619c1e26e78939493d2ab768e8dea8bc679d1ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-905-25-9](https://asc.understandingaccounting.org/asc/605/905/#605-905-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:53.183Z to 2026-09-10T00:45:53.183Z Record version: sha256:9615418d924e1528ed8f2a89a85fa5f767502f033ce5615c1e351534ea8f077f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:56.915Z to 2026-09-10T00:45:56.915Z Record version: sha256:60f3d0eb666f1174fe2bcff7fbd9167e37f9dc25e54c63ff3e1012982566ad24 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-905-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/905/#45-other-presentation-matters) SEC content: no ### Cooperatives ##### [605-905-45-1](https://asc.understandingaccounting.org/asc/605/905/#605-905-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:56.915Z to 2026-09-10T00:45:56.915Z Record version: sha256:4b86765cc322e13d1fc2c486fe325642d142b5d3e773525a3bce9eb68e3e1015 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As indicated in paragraph [905-505-45-1](https://asc.understandingaccounting.org/asc/505/905/#505-905-45-1), the earnings of [agricultural cooperatives](https://asc.understandingaccounting.org/glossary/a/#agricultural-cooperative "The Agricultural Marketing Act of 1929 defines a cooperative association as any association in which farmers act together in processing, preparing for market, handling, and/or marketing the farm products of persons so engaged, and also means any association in which farmers act together in purchasing, testing, grading, processing, distributing, and/or furnishing farm supplies and/or farm business services. Provided, however, that such associations are operated for producers or purchasers and conform to one or both of the following requirements: No member of an agricultural cooperative association is allowed more than one vote because of the amount of stock or membership capital he may own therein. The association does not pay dividends on stock or membership capital in excess of 8 percent per year. In addition to meeting either of the requirements in this paragraph, the association shall not deal in farm products, farm supplies, and farm business services with or for nonmembers of an agricultural cooperative in an amount greater in value than the total amount of such business transacted by it with or for members. All business transacted by any cooperative association for or on behalf of the United States or any agency or instrumentality thereof shall be disregarded in determining the volume of member and nonmember business transacted by such association.") are classified as either [patronage](https://asc.understandingaccounting.org/glossary/p/#patronage "The amount of business done with a cooperative by one of its patrons. Patronage is measured by either the quantity or value of commodities received from patrons by a marketing cooperative and the quantity or value of the goods and services sold to patrons by a supply cooperative.") or nonpatronage. The excess of revenues over costs resulting from transactions for or with [patrons](https://asc.understandingaccounting.org/glossary/p/#patrons "Any individual, trust, estate, partnership, corporation, or agricultural cooperative with or for whom a cooperative does business on a cooperative basis, whether a member of an agricultural cooperative or nonmember of an agricultural cooperative.") is patronage source earnings. As indicated in that paragraph, nonpatronage earnings result from transactions other than those with or for patrons. Examples are nonpatronage income from investments in securities, rental income from nonpatronage activities, and income recognized on sales or earned on purchases made on a nonpatronage basis. ### Cooperatives—Patrons ##### [605-905-45-2](https://asc.understandingaccounting.org/asc/605/905/#605-905-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:45:56.915Z to 2026-09-10T00:45:56.915Z Record version: sha256:225069ac62611aad60be4aa07bdce6a8fb48fa0c7073279a7181836442598c35 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:45:59.310Z to 2026-09-10T00:45:59.310Z Record version: sha256:3be79ae98aaf7b4614a7e89d4784542245c9c0a6d8fef36f37d13b4414bf28be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-905-75: 75 GAAP Taxonomy Elements [Read section](https://asc.understandingaccounting.org/asc/605/905/#75-gaap-taxonomy-elements) SEC content: no Source downloaded (UTC): 2026-09-10T00:46:02.215Z to 2026-09-10T00:46:09.968Z Record version: sha256:d71b0e7193bfa17c11ad3daef5a947c190ac24773aebd56e739797a0254e9670 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908: Revenue Recognition — Airlines ### Machine-generated study aids ```json { "summary": "ASC 605-908 was the legacy industry-specific revenue recognition guidance for airlines (passenger ticket sales, frequent flyer/mileage programs, and related items). Every paragraph in Sections 05, 15, and 25 has been superseded by Accounting Standards Update No. 2014-09, so the subtopic contains no operative guidance. Airline revenue is now accounted for under ASC 606 (with airline-specific implementation guidance in ASC 606-10-55 and Subtopic 908-606).", "key_points": [ "Every paragraph of this subtopic — 605-908-05-1 through 05-2, 605-908-15-1, and 605-908-25-1 through 25-10 — is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09.'", "Because the Overview/Background (Section 05), Scope (Section 15), and Recognition (Section 25) sections are all superseded, the subtopic imposes no current recognition or measurement requirements.", "ASU 2014-09 replaced legacy industry-specific revenue guidance, including airline guidance, with the single five-step model in Topic 606 (see 606-10-05-3 through 05-4).", "Under the current model an airline identifies the contract and performance obligations (e.g., the flight and any material right such as frequent flyer mileage credits) and recognizes revenue when each performance obligation is satisfied (606-10-25-1, 606-10-25-23).", "Historical financial statements or comparative periods presented before the ASU 2014-09 transition date may still reflect the superseded guidance, so students should check the effective-date and transition provisions in Topic 606.", "Airline-specific costs of obtaining or fulfilling contracts are addressed by Subtopic 340-40 rather than this superseded subtopic." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell — it exists only as a pointer showing that airline-specific revenue rules were eliminated by ASU 2014-09; the common mistake is citing legacy frequent flyer or ticket-breakage guidance that no longer exists. For any current airline revenue question, go straight to Topic 606 (and 908-606) instead.", "related_topics": [ "606", "908-606", "340-40", "605", "606-10-55", "908" ], "key_concepts": [ "superseded guidance", "airline revenue recognition", "passenger ticket sales", "frequent flyer program", "material right", "five-step revenue model", "industry-specific revenue guidance" ] } ``` Source downloaded (UTC): 2026-09-10T00:46:02.215Z to 2026-09-10T00:46:02.215Z Record version: sha256:7ee93e826ed05f63af468f3fb8c9cb170618e1b894c8cc2cdc0afc1e6e3a2530 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/908/#00-status) SEC content: no ##### [605-908-00-1](https://asc.understandingaccounting.org/asc/605/908/#605-908-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:02.215Z to 2026-09-10T00:46:02.215Z Record version: sha256:dfbb2a0b770b900ce8cc2ce2b12aec114c6176bb0b8e72ff94deafc993fe0385 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Air CargoSupersededAccounting Standards Update No. 2014-0905/28/2014
AirbillSupersededAccounting Standards Update No. 2014-0905/28/2014
FareSupersededAccounting Standards Update No. 2014-0905/28/2014
Lifted Flight CouponSupersededAccounting Standards Update No. 2014-0905/28/2014
On-Line LiftsSupersededAccounting Standards Update No. 2014-0905/28/2014
On-Line Sale and Off-Line SaleSupersededAccounting Standards Update No. 2014-0905/28/2014
Revenue Passenger MileSupersededAccounting Standards Update No. 2014-0905/28/2014
908-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
908-605-05-2SupersededAccounting Standards Update No. 2014-0905/28/2014
908-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
908-605-25-1 through 25-10
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:46:05.327Z to 2026-09-10T00:46:05.327Z Record version: sha256:944eff0cb24e872d5cab02c89dd80c37d6f56b0db4d9298e3b03a7ba1f4e7743 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/908/#05-overview-and-background) SEC content: no ##### [605-908-05-1](https://asc.understandingaccounting.org/asc/605/908/#605-908-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:05.327Z to 2026-09-10T00:46:05.327Z Record version: sha256:9514640f7752a5ff5ed8de386fd1d96ce7b6035b4a378f0a0ff9385bcf6a9779 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-05-2](https://asc.understandingaccounting.org/asc/605/908/#605-908-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:05.327Z to 2026-09-10T00:46:05.327Z Record version: sha256:702c4c4268add26a66c354ec2741923063adee414eb0a8e2e15bd7325ffe7970 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:07.371Z to 2026-09-10T00:46:07.371Z Record version: sha256:6b4d9a9288c6d422c8e2f7901a0637b2a4a356e2d9c60c348e137a16b02dc276 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/908/#15-scope-and-scope-exceptions) SEC content: no ##### [605-908-15-1](https://asc.understandingaccounting.org/asc/605/908/#605-908-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:07.371Z to 2026-09-10T00:46:07.371Z Record version: sha256:915da53f5970fab1b3992119d8459d01f5b87dfb3d5c4fe87c3e0310c2f82d50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:0c7d18eea7b7a69970b3571ad1a3ea69d3982686ae127ee57de85b6e0c131323 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/908/#25-recognition) SEC content: no ##### [605-908-25-1](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:f23747c4fcd9a6ed6d6bc2403f09401acb72aa42e1d311565849150186a5c13b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-2](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:e28f9b7289cc17d5fe74f0824a0fa31ca17e0c2a4c69494ca7400e8ec1bd5f5a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-3](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:93ee719c6cb64c4460b2d25a729fd21cbc87ca9774ed8b8f4f4bf0341b10828a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-4](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:891a440072deae2bbe66c9d464bbe9581b6cfca069fd5cb2873442eaa4350fd9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-5](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:3879b9554e3e027dd3e6b09cbcea4ec101851734df7288c7275af352d80162b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-6](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:4c04ccb9b61885ca425d824cb4183fb904a862e9d2dcbed04629a16417b36f3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-7](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:6a1cb0653465c8ee05c84552322b604c4c4fd386f9c98563d5f04a5eb1a2962a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-8](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:510339db4ecce2dd48fadb7d7e6d1ab2032554c85ada96fdf23e5215db88d7fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-9](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:7f00b50d03be8fe0cc89c54511390b7d0a3d8adc27c8604b19660aba5ab5f0c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-10](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:ad8e50db9537558f44b4ecccb033725652d94b644d4cd615d97624c48e59820b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:12.096Z to 2026-09-10T00:46:24.233Z Record version: sha256:cb635cbb52a4f93913549e4c193e8320c5403efac5947f9beafda7d833d4fb23 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-910: Revenue Recognition — Contractors—Construction ### Machine-generated study aids ```json { "summary": "ASC 605-910 was the construction-contractor revenue guidance nested in the legacy revenue recognition topic (ASC 605). Every substantive paragraph in Sections 05, 15, 25, and 50 was superseded by ASU 2014-09 (Revenue from Contracts with Customers), leaving the subtopic as an empty shell. Construction contractors now apply ASC 606 for revenue and ASC 340-40 for contract costs.", "key_points": [ "All content of this subtopic — 605-910-05-1, 15-1, 25-1, 50-1 and 50-2 — is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09.'", "Because nothing operative remains, no recognition, scope, or disclosure rule may be drawn from ASC 605-910 for periods after ASU 2014-09 became effective.", "Revenue from construction-type contracts is now recognized under ASC 606, generally by measuring progress toward complete satisfaction of a performance obligation satisfied over time (606-10-25-27).", "Costs to obtain and fulfill construction contracts are addressed by ASC 340-40 rather than the superseded legacy contract-cost guidance.", "Remaining industry-specific construction guidance resides in ASC 910 (Contractors—Construction) outside the superseded revenue sections." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates" ], "audience_level": "introductory", "student_note": "Cite this subtopic only for historical or comparative-period questions; the common mistake is quoting legacy percentage-of-completion rules from ASC 605-910 (or ASC 605-35) as if they were still authoritative. For current construction revenue answers, go to ASC 606 and ASC 340-40.", "related_topics": [ "606", "606-10", "340-40", "910", "605-35" ], "key_concepts": [ "superseded guidance", "construction-type contracts", "percentage-of-completion", "revenue from contracts with customers", "contract costs", "industry-specific revenue guidance", "transition to asc 606" ] } ``` Source downloaded (UTC): 2026-09-10T00:46:12.096Z to 2026-09-10T00:46:12.096Z Record version: sha256:f48d90a9faa6424040a94b25dfac5856687b5de6f7eb0953b2b489690b46d7e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-910-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/910/#00-status) SEC content: no ##### [605-910-00-1](https://asc.understandingaccounting.org/asc/605/910/#605-910-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:12.096Z to 2026-09-10T00:46:12.096Z Record version: sha256:17ffa4b1eef715b8bc78b8f663fefadabee1fb27f707499184e06e38b6ffe3bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
910-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-605-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-605-50-2SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:46:16.197Z to 2026-09-10T00:46:16.197Z Record version: sha256:e474818d5888c7f9e64d85b6ed6f5ffff689963094edaaa902d934fa3203965a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-910-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/910/#05-overview-and-background) SEC content: no ##### [605-910-05-1](https://asc.understandingaccounting.org/asc/605/910/#605-910-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:16.197Z to 2026-09-10T00:46:16.197Z Record version: sha256:8a6c8ba36cd55d3cf5a8cad55bdbeb2d465e9ed78ed069235b9898dcf48a6d96 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:18.314Z to 2026-09-10T00:46:18.314Z Record version: sha256:e3c0e81cc297aba93bf463b381ce70665d7554d3bf8f5512f81c91a351e39d3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-910-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/910/#15-scope-and-scope-exceptions) SEC content: no ##### [605-910-15-1](https://asc.understandingaccounting.org/asc/605/910/#605-910-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:18.314Z to 2026-09-10T00:46:18.314Z Record version: sha256:7b1f2264483d6b6196401ed9be2b5fd48a56b0303027c172b97df96c1e50bf42 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:21.748Z to 2026-09-10T00:46:21.748Z Record version: sha256:35809b678dc6e6de3f08880c0a3ee6b7be20f56a11249d9c0fe72c3e36692476 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-910-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/910/#25-recognition) SEC content: no ##### [605-910-25-1](https://asc.understandingaccounting.org/asc/605/910/#605-910-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:21.748Z to 2026-09-10T00:46:21.748Z Record version: sha256:bd18b4fa2b43cd14f6c01b20e73ba7fed63344d0e37e2f6c75f5958d06f43e4a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:24.233Z to 2026-09-10T00:46:24.233Z Record version: sha256:586d558d7abb2d056d83071db4d3ba27bdce58e2cf16ed904f8ffc86478a126f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-910-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/910/#50-disclosure) SEC content: no ##### [605-910-50-1](https://asc.understandingaccounting.org/asc/605/910/#605-910-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:24.233Z to 2026-09-10T00:46:24.233Z Record version: sha256:241a498ff3f5c4e16e341d7d7748e2ae436c3557deb7368b56c2c16c6f80dcb9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-910-50-2](https://asc.understandingaccounting.org/asc/605/910/#605-910-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:24.233Z to 2026-09-10T00:46:24.233Z Record version: sha256:373b06898d53d7049b9238f715d722892f37c959086b986ac632bf2a9fbced7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:26.835Z to 2026-09-10T00:46:41.738Z Record version: sha256:d032784ac202f8987365a14972ff3ef697d532cb23e7ac0ded76e04d89de06bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-912: Revenue Recognition — Contractors—Federal Government ### Machine-generated study aids ```json { "summary": "ASC 605-912 was the legacy industry guidance on revenue recognition for contractors with the U.S. federal government, covering matters such as recognition of fees, contract terminations, renegotiation and price redetermination. Every paragraph in the subtopic (Sections 05, 15, 25, and 50) was superseded by ASU 2014-09, so the subtopic contains no remaining substantive guidance. Federal government contractors now apply ASC 606 (with related guidance in ASC 340-40) and, if applicable, the residual industry guidance in ASC 912.", "key_points": [ "All paragraphs of ASC 605-912 (605-912-05-1 through 05-5, 15-1, 25-1 through 25-38, and 50-1 through 50-2) were superseded by Accounting Standards Update No. 2014-09.", "Because the subtopic is fully superseded, it supplies no recognition, measurement, presentation, or disclosure requirements for current reporting periods.", "Revenue from contracts with the federal government is now accounted for under ASC 606, Revenue from Contracts with Customers, using the five-step model.", "Costs of obtaining and fulfilling federal contracts are addressed by ASC 340-40 rather than by legacy 605-912 guidance.", "The subtopic remains in the Codification only as a historical marker; entities that have not yet transitioned would look to the pre-ASU 2014-09 text in the archived Codification." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "Know that ASU 2014-09 wiped out the old industry-by-industry revenue rules, including this one for federal contractors—citing 605-912 as live authority is the classic error. Point instead to ASC 606 (and ASC 340-40 for contract costs), noting ASC 912 still holds non-revenue federal-contractor guidance.", "related_topics": [ "606", "340-40", "912", "605", "912-20", "912-235" ], "key_concepts": [ "superseded guidance", "federal government contractors", "revenue recognition", "transition to asc 606", "industry-specific revenue guidance", "contract with a customer" ] } ``` Source downloaded (UTC): 2026-09-10T00:46:26.835Z to 2026-09-10T00:46:26.835Z Record version: sha256:a1f1b33657222a66eea94636cf996a64f541197b57857d97c04a5e1bbcf8b61a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-912-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/912/#00-status) SEC content: no ##### [605-912-00-1](https://asc.understandingaccounting.org/asc/605/912/#605-912-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:26.835Z to 2026-09-10T00:46:26.835Z Record version: sha256:000bba11edf9e43fc78b8fb2c6ed1683070620bbc4167abc078e37590863e09c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Cost-Plus-Fixed-Fee ContractSupersededAccounting Standards Update No. 2014-0905/28/2014
912-605-05-1 through 05-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
912-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
912-605-25-1 through 25-38
SupersededAccounting Standards Update No. 2014-0905/28/2014
912-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
912-605-50-2SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:46:28.865Z to 2026-09-10T00:46:28.865Z Record version: sha256:ef7f5d7780110fa0ade86e43ffca2178dcccca7dfd51d081695d64967fbb6ac4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-912-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/912/#05-overview-and-background) SEC content: no ##### [605-912-05-1](https://asc.understandingaccounting.org/asc/605/912/#605-912-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:28.865Z to 2026-09-10T00:46:28.865Z Record version: sha256:728112cab75150a41e284fdf7d8e768fbfb221a60c5025f43ee5d6b1836e046e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-05-2](https://asc.understandingaccounting.org/asc/605/912/#605-912-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:28.865Z to 2026-09-10T00:46:28.865Z Record version: sha256:e29065f271691d3a7ccaa299f36555780680ed8764b82e2aea9ea113b0b6ff7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-05-3](https://asc.understandingaccounting.org/asc/605/912/#605-912-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:28.865Z to 2026-09-10T00:46:28.865Z Record version: sha256:3f1640928a099f3307b477b3f30c581c060af66968cf22fd46338ff195370393 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-05-4](https://asc.understandingaccounting.org/asc/605/912/#605-912-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:28.865Z to 2026-09-10T00:46:28.865Z Record version: sha256:ad42c0b643287ef4fb4dfc48a1d0909f749e00e962bf59729f2534dbfc037b7f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-05-5](https://asc.understandingaccounting.org/asc/605/912/#605-912-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:28.865Z to 2026-09-10T00:46:28.865Z Record version: sha256:1a952a55e9375e06e26812e9d7b618fed13b7c60a07bc85ef2b31a6c1a89cf2e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:32.370Z to 2026-09-10T00:46:32.370Z Record version: sha256:25b677798d418be18c43aa82a34f2a200127a2886abaea048ad45407092cb055 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-912-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/912/#15-scope-and-scope-exceptions) SEC content: no ##### [605-912-15-1](https://asc.understandingaccounting.org/asc/605/912/#605-912-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:32.370Z to 2026-09-10T00:46:32.370Z Record version: sha256:6149dd1cc3eb375813243ebc2f05ad30e167d65faa09180f38e13a3a25a5887e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:34.174Z to 2026-09-10T00:46:34.174Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-912-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/912/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:ad80f8dc26d50416f57d0ccd42c3f3a6ed1e43ab82655677bbcd1f06e9c809d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-912-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/912/#25-recognition) SEC content: no ##### [605-912-25-1](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:77066e34a75af1c1c1750c7b1d4fc4303147c6a128c6b510689d2d622020766a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-2](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:fc85b1d8a3a47734b129b9ac7a6ae7aee03f77a27676f05e643e65e35492cf5d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-3](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:53510c088319e8b2aae352cc25be313448760ac4d4c5953e2e69d5ddd19a7e6f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-4](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:ff81c427df72234031c54a608b0f192beee03660a5eb01e7e48ddbf320a2db91 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-5](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:c817946d920c3f8205d855803d2de98d5d08e00d6841b1237640956f267829a9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-6](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:291afa9336d8f93ce7c9a34ec11e41946005ccbd801b09b7444979ea893b4ffe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-7](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:9b62693371f6ece85c2a51a547bd463ff4d1baf04f878162c7c15215a32395af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-8](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:cd2255a70def167352da67043e70bc655bf900c97c53fc4aab6d65c52cf60861 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-9](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:b9d4c8ae17ece9130051163694ab389a51f24bbab3ef132dd457b1a96fa927d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-10](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:75fa0e53fee8cb4c00862035b04efe27c188c675fe3ce0256e721fb0b3ba772d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-11](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:e9e0abb594b189aeb4ec8e696ea56fe90dbea6e3637b5bf597279e0b2279f2c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-12](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:53b9d1778425dcb491d1a85c6e9f4df3b1a8c4d9fd31108107828fdbfba1ad74 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-13](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:7d565b6fbd0c22bb7fe955962449aae90b77c8ffed5d085bc900442b419ad7be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-14](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:01d38166fb33da6426dba12153855000003b0e0419b2de2a0c6dfcdd79451024 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-15](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:9a9531e3df75b5a22e7bc03579c91aa77c1bf32b0854158281844abea96fd16a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-16](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:b9f580d166ef3004c1b092e2316bffa9cb73fd65c3f1f63d201600dfea12ac6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-17](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:c9f70ebc978eeff116af7de614ba1d03834f71314a08b8d509d92cbade200850 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-18](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:2d9e1b6cb458527621f60ab10d556c6816af7a3d6069280bf0e014669269bbf1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-19](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:366277384912749254052663572d4c15a8a03bdd513298bdbf4efcdcad72bb58 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-20](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:26466b2a78c06104e496a4f6f35ed55364020ed8baa31c0c838d1d43f4ac2f7a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-21](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:0ff53f8d152befd0ab2be648bb3f4daffe38d65edfd5553fdd877752b020034a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-22](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:d9a029480e71ce964f435f0fc1f66a210204964ebb13959f34623d196301cc5b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-23](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:dff9211b8fd14c0d79c540017b008e7ad8f0f4632ca6ecd36ed02273c4589a63 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-24](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:0774cec57b86b4b55acc3624f4bcc924cbf9abb0fc5ff01b8b894c94ee3642d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-25](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:29391a000f5cc60837eacc188f73745efa0d21da9efeb4b4079b596634ae5a1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-26](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:daa98ea3cff0995b80f8f87316146d8ba9b8118a20c48d5fc533b29b397e6f16 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-27](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:bb3999756ce42081ff9ead481a54827e6781c7bbdc403dce5e410281091fcd2c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-28](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:809bd80b33b913e2a4c67d2ffdc66cab59f87c66accd01ef5db197ea31eeb464 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-29](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:ed07840d5a6a5ad7a4e86b04e120ba4b8e7e23d68fe20e53f4ccb04f2a8dbd8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-30](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:8401431b331e71c337671a543e4c460bd47771ce1e4eb15cab44c1c3fe6e40df Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-31](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:221b82c7dd078e97732c527ecea1f90760e7eaaf8db8ead261ae099ce501003c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-32](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:ec6c1c8d8f1d49d0fed797422e164f4b0434824b043513bbdae6eba3634aff0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-33](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:821263642211d118a494fa0161c2624b56e36b136d276e00afa2d72c8a25b100 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-34](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:ca28de5b20859171ee953c359149f2334bc785da8f9c1b098a882f842976feb1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-35](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:5efb3388fe2650ba27e22dfe32618ae14cb085c9e403639c0c8f1182b903c83f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-36](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:ab4fb74a97e03ab76a02f7f452eb9aac8f8623c46fe1b5bc90a606cc3057ee51 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-37](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:fe4c3ddfe73d272841a3e3170260b2cd0cce0427ba136f63c0ba9128336d23db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-25-38](https://asc.understandingaccounting.org/asc/605/912/#605-912-25-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:37.957Z to 2026-09-10T00:46:37.957Z Record version: sha256:fe399715b0cee7f0b6fe3faab50e8099acc9f98bd00be4525a9f21ca393e6e62 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:41.738Z to 2026-09-10T00:46:41.738Z Record version: sha256:169e46f80185f5b4bce6d26f716670ee514fb2338d78b62c323814ddf459e39a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-912-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/912/#50-disclosure) SEC content: no ##### [605-912-50-1](https://asc.understandingaccounting.org/asc/605/912/#605-912-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:41.738Z to 2026-09-10T00:46:41.738Z Record version: sha256:21844fd871226e9a9c605e581b8ccdb258de5a62248a82cf2fa0dccdef84a846 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-912-50-2](https://asc.understandingaccounting.org/asc/605/912/#605-912-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:41.738Z to 2026-09-10T00:46:41.738Z Record version: sha256:52386d6e2287f376a33bd7f8b95447cb60dd0aec9b5dedb2a053df90cd4962cc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:43.825Z to 2026-09-10T00:46:55.082Z Record version: sha256:6b53266615722e72def5de11481c3bc32e84cac456ddbbf632757a8ad118748c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915: Revenue Recognition — Development Stage Entities ### Machine-generated study aids ```json { "summary": "ASC 605-915 formerly provided revenue recognition guidance specific to development stage entities (pre-revenue enterprises devoting efforts to establishing a new business). Every remaining paragraph in this subtopic (05-1, 15-1, 25-1) was superseded by ASU 2014-10, which eliminated the concept of a \"development stage entity\" from U.S. GAAP. As a result, there is no separate revenue guidance for such entities; they apply the same revenue recognition standards as any other entity.", "key_points": [ "605-915-05-1, 605-915-15-1, and 605-915-25-1 were all superseded by Accounting Standards Update No. 2014-10, leaving the subtopic with no operative guidance.", "ASU 2014-10 removed the definition of and the incremental reporting requirements for development stage entities from the Codification, including the inception-to-date and other special presentation requirements formerly in Topic 915.", "Because the special guidance is superseded, an entity in the development stage recognizes revenue under the general revenue model (now ASC 606) on the same basis as any other entity.", "Nothing in this subtopic currently establishes recognition, scope, or overview rules; treat 605-915 as an empty shell retained only for cross-reference history." ], "categories": [ "Revenue", "Recognition", "Transition and effective dates", "Financial statement presentation" ], "audience_level": "introductory", "student_note": "Useful mainly as a research trap: a citation to 605-915 (or Topic 915 generally) is stale because ASU 2014-10 eliminated development stage entity accounting. The common misunderstanding is thinking start-up or pre-revenue companies get special revenue rules or deferral privileges — they do not; apply ASC 606 like everyone else.", "related_topics": [ "915", "606", "605", "810", "275" ], "key_concepts": [ "development stage entity", "superseded guidance", "revenue recognition", "inception-to-date information", "start-up enterprise" ] } ``` Source downloaded (UTC): 2026-09-10T00:46:43.825Z to 2026-09-10T00:46:43.825Z Record version: sha256:d8a01e4bf512bbdbdc9f2c6d026c638729e329678cf9cc3479ab11760b3dbbfc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/915/#00-status) SEC content: no ##### [605-915-00-1](https://asc.understandingaccounting.org/asc/605/915/#605-915-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:43.825Z to 2026-09-10T00:46:43.825Z Record version: sha256:07c7e2a1d13a045fd45e6ef9146247fb336dfd07b3f2e3489e97a3c1ec1e182a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Development Stage EntitySupersededAccounting Standards Update No. 2014-1006/10/2014
915-605-05-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-605-15-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-605-25-1SupersededAccounting Standards Update No. 2014-1006/10/2014
Source downloaded (UTC): 2026-09-10T00:46:45.634Z to 2026-09-10T00:46:45.634Z Record version: sha256:3435511d56bbbf64c83be6a046c3da278ce1e216464dba01833d156d7322affb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/915/#05-overview-and-background) SEC content: no ##### [605-915-05-1](https://asc.understandingaccounting.org/asc/605/915/#605-915-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:45.634Z to 2026-09-10T00:46:45.634Z Record version: sha256:f41fa47f9f56be4de40e266b67c8d113d540e33bfc4b83f41061ec7a1b1aa9b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-10T00:46:47.417Z to 2026-09-10T00:46:47.417Z Record version: sha256:39e3d1992b88eb1309e22233f3bbcb1e440057c5b0e0cf0ca1ad84ae41b512d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/915/#15-scope-and-scope-exceptions) SEC content: no ##### [605-915-15-1](https://asc.understandingaccounting.org/asc/605/915/#605-915-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:47.417Z to 2026-09-10T00:46:47.417Z Record version: sha256:f2d46f60b138ae01efbabbd50a6c426c45aa5161142ffbea5d3839204ebc1cd2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-10T00:46:51.295Z to 2026-09-10T00:46:51.295Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/915/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:46:55.082Z to 2026-09-10T00:46:55.082Z Record version: sha256:7e63f3ec7f667e11c66feac0e60cc0c0dc84e44d1a2ebd14f735c6ebfe80e35d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/915/#25-recognition) SEC content: no ##### [605-915-25-1](https://asc.understandingaccounting.org/asc/605/915/#605-915-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:55.082Z to 2026-09-10T00:46:55.082Z Record version: sha256:01787c4827675f6ef29e2682cf900aee473b02c14b846f4748d21ed16b84f085 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-10T00:46:59.084Z to 2026-09-10T00:47:08.048Z Record version: sha256:e2005ccdad98f5d2eef7ece38c336fc666f66aea8bd5d36c1ef3b70e8a1214fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-920: Revenue Recognition — Entertainment—Broadcasters ### Machine-generated study aids ```json { "summary": "ASC 605-920 formerly provided industry-specific revenue recognition guidance for broadcasters (entertainment industry), including recognition of barter and license/advertising revenue. All of its substantive paragraphs (605-920-05-1 and 605-920-25-1) were superseded by ASU 2014-09, so the subtopic is now an empty shell. Broadcaster revenue is instead accounted for under the general revenue model in ASC 606, with related industry guidance in ASC 926.", "key_points": [ "Both remaining paragraphs of this subtopic, 605-920-05-1 (Overview and Background) and 605-920-25-1 (Recognition), state 'Paragraph superseded by Accounting Standards Update No. 2014-09.'", "Because ASU 2014-09 superseded the content, ASC 605-920 contains no operative recognition guidance for broadcasters.", "Entities in the broadcasting industry apply the five-step model in ASC 606 (Revenue from Contracts with Customers) rather than legacy ASC 605 industry rules.", "Remaining broadcaster-specific guidance, such as accounting for program license rights and film costs, resides in ASC 920 and ASC 926 outside the revenue Topic.", "The superseded status must be read together with the transition and effective date guidance accompanying ASU 2014-09." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "This subtopic is a historical marker: the only thing to know is that broadcaster revenue guidance in ASC 605 was wiped out by ASU 2014-09 and replaced by ASC 606. A common mistake is citing legacy 605-920 rules (for example, on barter advertising) as current GAAP when they no longer exist.", "related_topics": [ "606", "920", "926", "340-40", "605" ], "key_concepts": [ "superseded guidance", "broadcaster revenue", "industry-specific revenue recognition", "barter transactions", "program license rights", "revenue from contracts with customers" ] } ``` Source downloaded (UTC): 2026-09-10T00:46:59.084Z to 2026-09-10T00:46:59.084Z Record version: sha256:674a6649040fe74a1df4d3f0f18cc19aac474832ef748722858573b39d4d0ebe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-920-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/920/#00-status) SEC content: no ##### [605-920-00-1](https://asc.understandingaccounting.org/asc/605/920/#605-920-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:59.084Z to 2026-09-10T00:46:59.084Z Record version: sha256:36004a7e842b6c422984aac4921a5825b9446b0dc54c625cec9127cec02b5a99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BarterSupersededAccounting Standards Update No. 2014-0905/28/2014
920-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
920-605-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:47:01.744Z to 2026-09-10T00:47:01.744Z Record version: sha256:c8e3bb6cf01a1c113aed06045736f0ce7960a374c2b86062991d6a074929f774 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-920-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/920/#05-overview-and-background) SEC content: no ##### [605-920-05-1](https://asc.understandingaccounting.org/asc/605/920/#605-920-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:01.744Z to 2026-09-10T00:47:01.744Z Record version: sha256:7e474895265e9234db0e44ae10ee924be47b84034dd570a4c90e83ac6c967f05 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:05.300Z to 2026-09-10T00:47:05.300Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-920-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/920/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:47:08.048Z to 2026-09-10T00:47:08.048Z Record version: sha256:99859da949cb7e0f2e3911ff860ad47724b61dbd4dfdae9aecd31991c19fd826 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-920-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/920/#25-recognition) SEC content: no ##### [605-920-25-1](https://asc.understandingaccounting.org/asc/605/920/#605-920-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:08.048Z to 2026-09-10T00:47:08.048Z Record version: sha256:40d8cbbc7208a6241a29303bb12d9b16822566bab95e1aac9ae613344f5b0f1a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:12.125Z to 2026-09-10T00:47:25.083Z Record version: sha256:d23f23dbaa39e4ad486eb26de6756ff1120effd2f1b45dd02902972ac53ca689 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-922: Revenue Recognition — Entertainment—Cable Television ### Machine-generated study aids ```json { "summary": "ASC 605-922 formerly contained industry-specific revenue recognition guidance for cable television entities (e.g., accounting for installation and hookup revenue and initial subscriber fees). Every paragraph in the subtopic — scope, background, and recognition — was superseded by ASU 2014-09, the revenue recognition standard. Cable television revenue is now accounted for under ASC 606, with related industry guidance in ASC 922 and contract cost guidance in ASC 340-40.", "key_points": [ "All content of this subtopic, including 605-922-05-1, 605-922-15-1, and 605-922-25-1 through 25-4, was superseded by Accounting Standards Update No. 2014-09.", "No extant recognition or measurement requirements remain in ASC 605-922; the subtopic is a shell retained for historical and cross-reference purposes.", "Revenue from cable television subscribers (installation, hookup, and service fees) is now recognized under the five-step model in ASC 606, including identifying performance obligations and allocating the transaction price.", "Costs of obtaining and fulfilling cable subscriber contracts are addressed by ASC 340-40 rather than legacy ASC 605 industry guidance.", "Remaining industry-specific cable television guidance (other than revenue) resides in ASC 922." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "Know that this subtopic is entirely superseded — citing it as live authority is the classic error; for cable television revenue questions go to ASC 606 (and ASC 340-40 for contract costs). It remains useful only for understanding pre-2014 comparative financial statements.", "related_topics": [ "606", "340-40", "922", "605", "606-10-55" ], "key_concepts": [ "superseded guidance", "cable television revenue", "installation and hookup fees", "subscriber contracts", "industry-specific revenue recognition", "transition to asc 606" ] } ``` Source downloaded (UTC): 2026-09-10T00:47:12.125Z to 2026-09-10T00:47:12.125Z Record version: sha256:a9a8b40e3ab00bcf3eb8495ae6589b03d3939fa3415f7b41b1d3db8ba9137950 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-922-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/922/#00-status) SEC content: no ##### [605-922-00-1](https://asc.understandingaccounting.org/asc/605/922/#605-922-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:12.125Z to 2026-09-10T00:47:12.125Z Record version: sha256:bb5916741441ea4af071476b8410b93c14290e754b27c274a9796030c13d9613 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Direct Selling CostsSupersededAccounting Standards Update No. 2014-0905/28/2014
Prematurity PeriodSupersededAccounting Standards Update No. 2014-0905/28/2014
Subscriber-Related CostsSupersededAccounting Standards Update No. 2014-0905/28/2014
922-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
922-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
922-605-25-1 through 25-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:47:16.199Z to 2026-09-10T00:47:16.199Z Record version: sha256:982ab720a6752c89dfed4227deed7856e8e73569771db10dd757d8515a0048ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-922-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/922/#05-overview-and-background) SEC content: no ##### [605-922-05-1](https://asc.understandingaccounting.org/asc/605/922/#605-922-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:16.199Z to 2026-09-10T00:47:16.199Z Record version: sha256:0a87d98aee7d35d65adc3039c77be8cf492208266042bf97a2a3ca14009040a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:19.545Z to 2026-09-10T00:47:19.545Z Record version: sha256:1e039dc2c30cba909fa5b9d438d7b652065284888a8d8a9fde2008512bfff66d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-922-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/922/#15-scope-and-scope-exceptions) SEC content: no ##### [605-922-15-1](https://asc.understandingaccounting.org/asc/605/922/#605-922-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:19.545Z to 2026-09-10T00:47:19.545Z Record version: sha256:30e98a845d7280442ebf46d6af80bf5c66696b91c42e398a1116081566dc3384 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:22.066Z to 2026-09-10T00:47:22.066Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-922-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/922/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:47:25.083Z to 2026-09-10T00:47:25.083Z Record version: sha256:24e07a0a2fb4a39e4bf2f9e5de4cfb1e01aa60d3c249718000ee6beb965e7efe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-922-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/922/#25-recognition) SEC content: no ##### [605-922-25-1](https://asc.understandingaccounting.org/asc/605/922/#605-922-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:25.083Z to 2026-09-10T00:47:25.083Z Record version: sha256:435a4e4b133742832b91d03c0222d01d3275b94e6c653920e8ed6495254d77b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-922-25-2](https://asc.understandingaccounting.org/asc/605/922/#605-922-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:25.083Z to 2026-09-10T00:47:25.083Z Record version: sha256:65d7f9efe2c92ad5160781679a895071f5edb6be6f7306a1059f13a737a8cf69 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-922-25-3](https://asc.understandingaccounting.org/asc/605/922/#605-922-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:25.083Z to 2026-09-10T00:47:25.083Z Record version: sha256:8f1cd687056440df2085fa30dd114aac3962a23371e0127e5318b3bcd85ed5e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-922-25-4](https://asc.understandingaccounting.org/asc/605/922/#605-922-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:25.083Z to 2026-09-10T00:47:25.083Z Record version: sha256:b43754233091ab81c87014135c39821548c1b9e84d61d095e19c69ca97f66d23 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:28.279Z to 2026-09-10T00:47:49.424Z Record version: sha256:ec7d614197471f0302ed997b95fc7b51fdf4b9c9d76c5e468e2a1cd6bdfc4b99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924: Revenue Recognition — Entertainment—Casinos ### Machine-generated study aids ```json { "summary": "ASC 605-924 formerly contained the industry-specific revenue recognition guidance for casinos (gaming revenue, casino jackpot liabilities, and related presentation). Every substantive paragraph has been superseded by ASU 2014-09, so the subtopic carries no remaining guidance. Casino revenue is now accounted for under ASC 606, with any surviving industry considerations in ASC 924 and ASC 606-10-55.", "key_points": [ "All recognition, presentation, implementation, and scope paragraphs of this subtopic (605-924-05-1, 15-1, 25-1 through 25-3, 45-1, 45-2, 55-1, 55-2) were superseded by Accounting Standards Update No. 2014-09.", "605-924-50-1 is designated 'Paragraph not used,' so the subtopic contains no disclosure requirements.", "The transition paragraph 605-924-65-1 was superseded on 06/18/2012 after the end of the transition period stated in ASU 2010-16, Entertainment—Casinos (Topic 924): Accruals for Casino Jackpot Liabilities.", "Because nothing remains in force, casino gaming revenue is recognized under Topic 606's five-step model rather than legacy Topic 605 industry guidance.", "ASU 2010-16 addressed when a casino may accrue a liability for base jackpots; that guidance, as amended, resides in Topic 924 rather than in this superseded revenue subtopic." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell—citing it as live authority is the classic mistake; ASU 2014-09 wiped out the legacy casino revenue rules. If you need casino revenue or jackpot accrual guidance today, go to ASC 606 (including the implementation guidance) and ASC 924.", "related_topics": [ "606", "924", "606-10", "340-40", "605" ], "key_concepts": [ "superseded guidance", "casino gaming revenue", "jackpot liabilities", "industry-specific revenue recognition", "legacy gaap", "revenue standard transition" ] } ``` Source downloaded (UTC): 2026-09-10T00:47:28.279Z to 2026-09-10T00:47:28.279Z Record version: sha256:38401cb9811eb0f70435e5fce824767219cbb2acc0bbfd758eddb94fcee360a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/924/#00-status) SEC content: no ##### [605-924-00-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:28.279Z to 2026-09-10T00:47:28.279Z Record version: sha256:85f5c59e7870ce0ea2a12ee0f09aabd54b73c329440dd145bc88d5a48c60667b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Base JackpotSupersededAccounting Standards Update No. 2014-0905/28/2014
Slot MachineSupersededAccounting Standards Update No. 2014-0905/28/2014
WinSupersededAccounting Standards Update No. 2014-0905/28/2014
924-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
924-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
924-605-25-1 through 25-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
924-605-25-2AmendedAccounting Standards Update No. 2010-1604/26/2010
924-605-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
924-605-45-2SupersededAccounting Standards Update No. 2014-0905/28/2014
924-605-55-1SupersededAccounting Standards Update No. 2014-0905/28/2014
924-605-55-1AddedAccounting Standards Update No. 2010-1604/26/2010
924-605-55-2SupersededAccounting Standards Update No. 2014-0905/28/2014
924-605-55-2AddedAccounting Standards Update No. 2010-1604/26/2010
924-605-65-1AddedAccounting Standards Update No. 2010-1604/26/2010
Source downloaded (UTC): 2026-09-10T00:47:31.055Z to 2026-09-10T00:47:31.055Z Record version: sha256:5d404abfa5a44be363ca0b4756db1c5bc1aa9099287373f40722ef1328a12460 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/924/#05-overview-and-background) SEC content: no ##### [605-924-05-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:31.055Z to 2026-09-10T00:47:31.055Z Record version: sha256:a7c908167a1caf88a5442da4fd3acfae60b7a9dfd58110d3560cc7e12d67670b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:33.874Z to 2026-09-10T00:47:33.874Z Record version: sha256:283d40702444ddd419dbaabda6f721490a541d19416051716593a33fb4fec7be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/924/#15-scope-and-scope-exceptions) SEC content: no ##### [605-924-15-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:33.874Z to 2026-09-10T00:47:33.874Z Record version: sha256:16448d76bbf4a95e43bcd170fbba34750e166386c18590441555269a8ff334df Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:35.837Z to 2026-09-10T00:47:35.837Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/924/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:47:39.057Z to 2026-09-10T00:47:39.057Z Record version: sha256:9ef8adfa8d96db42add5d977267c7e0557d4584afbd28153cb8ea02dd3780557 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/924/#25-recognition) SEC content: no ##### [605-924-25-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:39.057Z to 2026-09-10T00:47:39.057Z Record version: sha256:8347675889bfed8dae97ab97bd78d95ff1ea9127ab2a1cc60f33b804d6a5cca2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-924-25-2](https://asc.understandingaccounting.org/asc/605/924/#605-924-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:39.057Z to 2026-09-10T00:47:39.057Z Record version: sha256:25f209f225dd80ee902bdc0565fb1825d967bd6a6c0bdab592967ab591062f30 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-924-25-3](https://asc.understandingaccounting.org/asc/605/924/#605-924-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:39.057Z to 2026-09-10T00:47:39.057Z Record version: sha256:5fdfa1ae92b2a9f1824e9c4397db479d92c9d24093820303bd0f76f3561d0c85 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:41.274Z to 2026-09-10T00:47:41.274Z Record version: sha256:a159ab3bb4c145cd3051bceaaf65f05d30a651fc965601ed9fb7d288fdc3ffd2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/924/#45-other-presentation-matters) SEC content: no ##### [605-924-45-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:41.274Z to 2026-09-10T00:47:41.274Z Record version: sha256:a85b48a83d039d69d00c3d2892e68fd1a82bafe75bc63a8fcd2d52c73cf531a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-924-45-2](https://asc.understandingaccounting.org/asc/605/924/#605-924-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:41.274Z to 2026-09-10T00:47:41.274Z Record version: sha256:cb39cb3553026d280e63a8fd755777fe006862b7cde819cbfa58e3882889ec31 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:45.211Z to 2026-09-10T00:47:45.211Z Record version: sha256:b6a61c8537fdc20a308891988a82298a7fbe7fb3986ab6c79cc10cc1c5352ed8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/924/#50-disclosure) SEC content: no ##### [605-924-50-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:45.211Z to 2026-09-10T00:47:45.211Z Record version: sha256:13a19d709c636667a7cb14a7510daec291b3fe15eb122ef0e9e848b13edf2dd8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). Source downloaded (UTC): 2026-09-10T00:47:47.069Z to 2026-09-10T00:47:47.069Z Record version: sha256:3409d84f2c3c10aae1d280cc6737adaaf0c35f5a282a843d2fe02586d62d5a1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/924/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-924-55-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:47.069Z to 2026-09-10T00:47:47.069Z Record version: sha256:7e545ec5ef9d4db6237e89f64bdc11bb718503b0d70162e9c101603f41f40571 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-924-55-2](https://asc.understandingaccounting.org/asc/605/924/#605-924-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:47.069Z to 2026-09-10T00:47:47.069Z Record version: sha256:7254614d28d70527bbd935f35b17ed1c347394fa5c1608be619d7d5366c701e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:49.424Z to 2026-09-10T00:47:49.424Z Record version: sha256:a254cafbc88e592f368ae210576a0dae0bf448c1496b54df75d10a54fa7a37a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-924-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/605/924/#65-transition-and-open-effective-date-information) SEC content: no ##### [605-924-65-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:49.424Z to 2026-09-10T00:47:49.424Z Record version: sha256:89eeb8e8961fe9fc76e5a513f5e0e66378957c67ae4e12f28dcdc6327f9d213d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/18/2012 after the end of the transition period stated in Accounting Standards Update No. 2010-16, _Entertainment—Casinos (Topic 924): Accruals for Casino Jackpot Liabilities_. Source downloaded (UTC): 2026-09-10T00:47:51.885Z to 2026-09-10T00:48:09.300Z Record version: sha256:b172938f29c5edee3c53f037510e18f264c052d5c5de97190dee813db937e513 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-926: Revenue Recognition — Entertainment—Films ### Machine-generated study aids ```json { "summary": "ASC 605-926 formerly contained the industry-specific revenue recognition guidance for entertainment—films (licensing of films to theaters, television, home video, and other markets). Every paragraph in the subtopic — scope, recognition, disclosure, and implementation guidance — was superseded by ASU 2014-09 (the revenue standard). Film revenue is now accounted for under ASC 606, with related industry guidance retained in ASC 926-605 and other 926 subtopics.", "key_points": [ "All content of ASC 605-926 (Sections 05, 15, 25, 50, and 55) was superseded by Accounting Standards Update No. 2014-09; no substantive guidance remains in force.", "The legacy criteria for recognizing revenue from film licensing arrangements (for example, persuasive evidence of an arrangement, delivery/availability of the film, fixed or determinable fee, and collectibility) no longer apply after adoption of ASU 2014-09.", "Entities recognizing revenue from films must instead apply the five-step model in ASC 606, including the licensing implementation guidance for functional versus symbolic intellectual property and sales- or usage-based royalties.", "Industry-specific film guidance that survived the revenue project is located in ASC 926 (including 926-605 for revenue and 926-20 for film cost capitalization and amortization).", "ASC 605-926 is retained in the Codification only as a superseded historical reference and for entities' comparative-period presentation under legacy GAAP." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "introductory", "student_note": "Do not cite ASC 605-926 as live GAAP — it is entirely superseded by ASU 2014-09; the common error is applying the old film licensing \"availability\" criteria instead of ASC 606's licensing and royalty guidance. Knowing where the guidance moved (ASC 606 and ASC 926-605) is more useful than memorizing the superseded rules.", "related_topics": [ "606", "926-605", "926-20", "605", "340-40", "928-605" ], "key_concepts": [ "superseded guidance", "film licensing revenue", "industry-specific revenue recognition", "transition to asc 606", "license of intellectual property", "sales- or usage-based royalties", "entertainment—films" ] } ``` Source downloaded (UTC): 2026-09-10T00:47:51.885Z to 2026-09-10T00:47:51.885Z Record version: sha256:08e6ffb9a750f69429d0a992a822dda82f97d02d30e55b7c92f2b2c88c0421f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-926-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/926/#00-status) SEC content: no ##### [605-926-00-1](https://asc.understandingaccounting.org/asc/605/926/#605-926-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:51.885Z to 2026-09-10T00:47:51.885Z Record version: sha256:f76f6639e683adc38902f9fce6286f994faee2e1054997c06c62484ff03dd6dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Cross-CollateralizedSupersededAccounting Standards Update No. 2014-0905/28/2014
Distributor (1st def.)SupersededAccounting Standards Update No. 2014-0905/28/2014
FilmsSupersededAccounting Standards Update No. 2014-0905/28/2014
Market (1st def.)SupersededAccounting Standards Update No. 2014-0905/28/2014
Nonrefundable Minimum GuaranteeSupersededAccounting Standards Update No. 2014-0905/28/2014
Participation CostsSupersededAccounting Standards Update No. 2014-0905/28/2014
ProducerSupersededAccounting Standards Update No. 2014-0905/28/2014
RevenueSupersededAccounting Standards Update No. 2014-0905/28/2014
Significant ChangesSupersededAccounting Standards Update No. 2014-0905/28/2014
Street DateSupersededAccounting Standards Update No. 2014-0905/28/2014
TerritorySupersededAccounting Standards Update No. 2014-0905/28/2014
926-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
926-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
926-605-25-1 through 25-31
SupersededAccounting Standards Update No. 2014-0905/28/2014
926-605-25-16AmendedAccounting Standards Update No. 2011-0405/12/2011
926-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
926-605-55-1 through 55-13
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:47:54.483Z to 2026-09-10T00:47:54.483Z Record version: sha256:894bb52f677ed9a2faecc5e8c0c80b5239d3bd9e4f3e124d4b39c6127c8f927e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-926-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/926/#05-overview-and-background) SEC content: no ##### [605-926-05-1](https://asc.understandingaccounting.org/asc/605/926/#605-926-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:54.483Z to 2026-09-10T00:47:54.483Z Record version: sha256:9595b265a0d56a09e914fe54f522405f002e4108fa9cfbf6ddf1e8b3ca0c8419 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:56.463Z to 2026-09-10T00:47:56.463Z Record version: sha256:a5bacdc1d477e8dc37f1867ec98e8964620697415aa5d6071b2ed3f4222a5deb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-926-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/926/#15-scope-and-scope-exceptions) SEC content: no ##### [605-926-15-1](https://asc.understandingaccounting.org/asc/605/926/#605-926-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:47:56.463Z to 2026-09-10T00:47:56.463Z Record version: sha256:2d3b50ec3841814bcc8c96c4ef74b8bdd0b5ae5bf36e3eeb16d4143ad3aea186 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:47:59.395Z to 2026-09-10T00:47:59.395Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-926-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/926/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:17549df13f7925c859dafd3002790cedef8939f0e8fa1f474bdca365eeb5f27c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-926-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/926/#25-recognition) SEC content: no ##### [605-926-25-1](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:738d9c658d7beeb31b4018ca24199f0810b137eab77106c3ced4638a07ffbe74 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-2](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:3e3f2356a0f04bf26c42d1e11bd942f3ef78abe7065bcb07f27103ddbd090ad9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-3](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:62a5219f5bedc57f1a693075da9519e7910a2c2f0398332729ea8a339e4d4b2f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-4](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:171f3ff8cfec025c814fe8ceae3b7ceae1b6ed84aca2a11f56bb958119263bca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-5](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:0fb9fa59f3a06d49e6d70bd8b77657118aac73250f0c42711379fe66c2bc3bbd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-6](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:a94f701abbeb97156a8f1ad4b148ea8f6e0ea7da68b9d953d05fa40e58106599 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-7](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:8412902e3ae6995f6307e23a65ee457c3260459f6d88535cbc36fa62bda76af1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-8](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:28e515282624755ba640b02eb0200ac118c7b39d7ee6e1fc56ea76f9be7cf935 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-9](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:a16b141cf843258f7ba0a9be42d38643466c9749013af3ae40aeaabd480ef9a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-10](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:c70ab5a90abb11015a3be140991f8cfbbd0820527f6cd729645a36e020c2fa44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-11](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:2f41abf28e89b38d291dc51a06b4b2fb4cd6525e166c25be4ccd8d174f143c5b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-12](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:c4d9b2d313adc02154c0db646f457c07312c9e376c98544270b19a227614c085 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-13](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:38aa49956ffe5adf00c468f9868ff3985b7eb4b816a7c28544010d7dd472eae9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-14](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:c9f24f5913310e7cf94ca1fa74b56282313b9ff1f38a5f32b8a86dda866687bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-15](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:de50f71725ef6207e945c789e895c2690e7e05627b9042a24152c5bbd0872314 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-16](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:a7c7cb92d10b2dcb9b25fd3e1f2db67a279833eb21683eed3972f56e236e6d52 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-17](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:dac9a038987e3503644a142e22ea8de7f29b1eb276ff518ccc9c6f6d430fc88d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-18](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:b7eaeccb0f18c54f670a6385e8c3ee7dd4fa72b0787b51f63fd534eaec8bd9bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-19](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:8f898e31850864dc583e15e3ebe3d10b465e2b2840f623deb7668db0956226fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-20](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:4c28c9595cd1c6c1db2aea11a6fe8f46f2efab93fb90d5d5b9e74603fbf52da8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-21](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:3af4b7a9d69a4e51fd9bc4293b8e2b37d6bede73eccd4c95b1e43808bf60f48b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-22](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:bd68856e9d3aaddd61d0d18e3ecba1c0bd835c98f5fa0215320a73e6967cdbe1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-23](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:d91bb6bb0dfc84a72b31b6706da35e0f86a3accac10c1a7650361a95e7fdb73d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-24](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:281c5b885c4932f956b922cf7d9ce70cff72b32b63bfc12661373b9d03004190 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-25](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:6a8c9189b234326a10c7cf43b5fec5c6258e475cae5022cda56aebd856b590dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-26](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:0de80bbce489862257cfdb05b0534881293aa84a029f92f04c9ec17897f1aa2e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-27](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:904b97996f488a3dd498ecedd6ac283a69ce739bd563c00d15f9224b26acb9c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-28](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:b2e7703ee5fc9625b7a1e7868ff625ed412443d9ab1cb82633bcd231b988f462 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-29](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:6616abfd2a6e1ac07391d339e25646f441537c547e8c53c90cce55a862b3af7c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-30](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:a9f44d8310423ec8687b50e34705d8c5e298d2b7eca052470a7b22502835f461 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-25-31](https://asc.understandingaccounting.org/asc/605/926/#605-926-25-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:02.128Z to 2026-09-10T00:48:02.128Z Record version: sha256:24546186d76dfb822536b5d2f87d05576d2ecadbe695c755c6abb3ea251e06af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:06.124Z to 2026-09-10T00:48:06.124Z Record version: sha256:a9b9722e2cc5321e57d92eb5d88daa7e8ad5248610f68079ee0984ff4dd4c38e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-926-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/926/#50-disclosure) SEC content: no ##### [605-926-50-1](https://asc.understandingaccounting.org/asc/605/926/#605-926-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:06.124Z to 2026-09-10T00:48:06.124Z Record version: sha256:8ad40b153666d0e79a07da6f7b8c52bb5fee0b239e4fe6e42b1e193f5b706848 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:36d6320112212e7a851942ca9579ae2bbf7a3793128e91d7075cac419db09ad5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-926-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/926/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-926-55-1](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:f0ad64a9b32a73d46eca9559bcb339bca61599ecb89e254737142b7d1d098a50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-2](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:6ff8809df357f938e21f21237a60a56d5c02c6b102d2bc9e85e7abb9da43b1b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-3](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:f749467fa1fa8560a740dbc4cf198b801e9405423e1afed37c2ef6ba7376587f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-4](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:22bd5188bd0c80cd9d82e0670a2b04b6246c7705ad96fbeeffb519aef4f2f95b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-5](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:ec322a68d7d26db03bba0e0b4a2c1f8548c2d0bacdf1e6fa7c0e03b30618e5fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-6](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:6bbd07cc286fd83e4ab51691a452ed6f0cab5b41e7018debba61dc720e549096 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-7](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:25e7dd5b441e3cc787b9dbd83ea40df26a61a221230f4157ca382a13e44f5cf4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-8](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:47e8a41feffa565397b48bc28941c5fb21921c36657c50e152c2c8d41eca88f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-9](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:3e72f456d697fcf87687ac5ef6cfefd53826b23c4991f64a698bd1b4b55500c9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-10](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:23bc454691db3055e3fcd90e98043a9f6219d1ae3b6b21b433a6b1fc634d1fa6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-11](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:8334b889b1615249a51a37c74c2ca30a515116267f55538e85d47a30e2a4d322 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-12](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:5b0ff836e9d5bd9f816be7716f1b39ced1fc8496fc770dcf56a3c60fdf8aa1fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-926-55-13](https://asc.understandingaccounting.org/asc/605/926/#605-926-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:09.300Z to 2026-09-10T00:48:09.300Z Record version: sha256:3af115a7acbbd14ab37a9e6684247ca8c49c828cb6e72c6b5e9c8c219258b5d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:12.626Z to 2026-09-10T00:48:29.629Z Record version: sha256:c3aa0d250875a84095739c3eb4fcdc89964df3474a8b0d9c69f52a40bcb5e8f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-928: Revenue Recognition — Entertainment—Music ### Machine-generated study aids ```json { "summary": "ASC 605-928 formerly provided industry-specific revenue recognition guidance for the music industry (licensors of music rights, record masters, and related fees). Every paragraph in the subtopic — scope, recognition, initial measurement, and relationships sections — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). Entities now account for music-industry revenue under ASC 606 and, for licensing arrangements, ASC 606-10-55-54 through 55-65, with residual industry guidance in ASC 928.", "key_points": [ "Every paragraph of ASC 605-928 (605-928-05-1, 15-1, 25-1 through 25-3, 30-1, and 60-1) is marked 'superseded by Accounting Standards Update No. 2014-09' and carries no remaining authoritative content.", "The former guidance conditioned recognition of licensed music rights fees on criteria such as a signed noncancelable contract, a fixed fee, delivery of the rights, and collectibility — those bright-line conditions no longer apply.", "Music revenue is now recognized under the ASC 606 five-step model, including the licensing implementation guidance distinguishing functional (point-in-time) from symbolic (over-time) intellectual property in 606-10-55-58 through 55-60.", "Sales- or usage-based royalties from licenses of intellectual property, common in music, are recognized under the constraint in 606-10-55-65 when the later of the subsequent sale/usage occurring or the performance obligation being satisfied.", "Remaining music-industry-specific guidance (for example, on record masters and artist advances) resides in ASC 928, not in this superseded revenue subtopic.", "Researchers should treat ASC 605-928 as historical only, useful for understanding pre-2014-09 practice and transition comparisons." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell: its only exam-relevant fact is that ASU 2014-09 wiped out the music industry's separate revenue rules. The common mistake is citing the old fixed-fee/delivery criteria for licensed music rights instead of applying ASC 606's licensing and royalty-constraint guidance.", "related_topics": [ "606", "928", "605", "340-40", "926" ], "key_concepts": [ "superseded guidance", "music industry revenue", "licenses of intellectual property", "sales- or usage-based royalties", "record masters", "industry-specific revenue guidance" ] } ``` Source downloaded (UTC): 2026-09-10T00:48:12.626Z to 2026-09-10T00:48:12.626Z Record version: sha256:7912cac7c02e49fb30c4bc99fef020fbf9565c3cf043f785b0ceab361cd323f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-928-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/928/#00-status) SEC content: no ##### [605-928-00-1](https://asc.understandingaccounting.org/asc/605/928/#605-928-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:12.626Z to 2026-09-10T00:48:12.626Z Record version: sha256:efaca5b929957ccd2b9580cfa47b50cfa273e7e7c8493cf7bb9f4e0026f9b176 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
License AgreementsSupersededAccounting Standards Update No. 2014-0905/28/2014
Minimum GuaranteeSupersededAccounting Standards Update No. 2014-0905/28/2014
Record MasterSupersededAccounting Standards Update No. 2014-0905/28/2014
928-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
928-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
928-605-25-1 through 25-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
928-605-30-1SupersededAccounting Standards Update No. 2014-0905/28/2014
928-605-60-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:48:15.409Z to 2026-09-10T00:48:15.409Z Record version: sha256:8dd9335a2a2c2f22451eb2ea0c8c077fba435c1af5ff20c211f192732069627c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-928-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/928/#05-overview-and-background) SEC content: no ##### [605-928-05-1](https://asc.understandingaccounting.org/asc/605/928/#605-928-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:15.409Z to 2026-09-10T00:48:15.409Z Record version: sha256:df558bb0dc458d194b61729457823eba16fed221b854ac1d2271b927edac3f60 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:19.180Z to 2026-09-10T00:48:19.180Z Record version: sha256:715de07fd47fe8525226b658d2bc5843a551e2a820111d8481691e10c7809a0d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-928-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/928/#15-scope-and-scope-exceptions) SEC content: no ##### [605-928-15-1](https://asc.understandingaccounting.org/asc/605/928/#605-928-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:19.180Z to 2026-09-10T00:48:19.180Z Record version: sha256:0eb6ef46c631bf74d858b1005f949333b2b33c2ed54ea00b0fa199a6b6633481 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:22.133Z to 2026-09-10T00:48:22.133Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-928-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/928/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:48:23.962Z to 2026-09-10T00:48:23.962Z Record version: sha256:10e3b583c1f378206f239ebb23259eeb93b47aaaefb7b36759e1b61e1cdfd10f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-928-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/928/#25-recognition) SEC content: no ##### [605-928-25-1](https://asc.understandingaccounting.org/asc/605/928/#605-928-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:23.962Z to 2026-09-10T00:48:23.962Z Record version: sha256:a11bde30b3f5a46be88ddd722235a748610df0b7d4b5c29402bd34ce011d614a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-928-25-2](https://asc.understandingaccounting.org/asc/605/928/#605-928-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:23.962Z to 2026-09-10T00:48:23.962Z Record version: sha256:9011832c758eb46c47c42657af2242191e8dc34ca20980803f42ba7d182b7f43 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-928-25-3](https://asc.understandingaccounting.org/asc/605/928/#605-928-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:23.962Z to 2026-09-10T00:48:23.962Z Record version: sha256:36d3229a0cce6a7a98317c6ae080810328a7d652e2dd49126107faf6845e51e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:26.615Z to 2026-09-10T00:48:26.615Z Record version: sha256:2c3030d8f4765919293c824daa50a7d739f0dcfb56401158ffd93637578a624b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-928-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/928/#30-initial-measurement) SEC content: no ##### [605-928-30-1](https://asc.understandingaccounting.org/asc/605/928/#605-928-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:26.615Z to 2026-09-10T00:48:26.615Z Record version: sha256:e432519e85ee4bbeb03908cb5a6ead90fbc4f19656c75b3aeb17fcf3bc618937 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:29.629Z to 2026-09-10T00:48:29.629Z Record version: sha256:a8396d7039ab26829917964f408b36aa90260b6c3b3422226f7911c0e63876b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-928-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/605/928/#60-relationships) SEC content: no ##### [605-928-60-1](https://asc.understandingaccounting.org/asc/605/928/#605-928-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:29.629Z to 2026-09-10T00:48:29.629Z Record version: sha256:9e63742416e01e1b75b71ba37091b46effc9a06ea5609fcf615d157b754103ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:32.083Z to 2026-09-10T00:48:46.179Z Record version: sha256:341c176cde978dbaa42fdc052292a23577a1e7bf9a2213d60927cf5eaac8fa03 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-932: Revenue Recognition — Extractive Activities—Oil and Gas ### Machine-generated study aids ```json { "summary": "ASC 605-932 was the oil and gas industry-specific guidance under the legacy revenue recognition model (ASC 605), addressing revenue recognition for extractive activities such as gas balancing arrangements. Every substantive paragraph in the subtopic (05-1, 15-1, 25-2, and 50-1) was superseded by ASU 2014-09, so the subtopic now contains no operative guidance. Oil and gas revenue is instead accounted for under ASC 606, with industry-specific application guidance in ASC 932-606.", "key_points": [ "All content of this subtopic—scope (605-932-15-1), overview (605-932-05-1), recognition (605-932-25-2), and disclosure (605-932-50-1)—was superseded by Accounting Standards Update No. 2014-09.", "Paragraph 605-932-25-1 is designated 'not used,' so no recognition rule remains in the subtopic.", "Because nothing operative remains, entities in extractive activities—oil and gas cannot rely on ASC 605-932 for revenue recognition; ASC 606 (and 932-606) governs instead.", "The subtopic is retained in the Codification only as a historical marker of the legacy model and is relevant chiefly for transition and comparative-period questions." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "Don't cite ASC 605-932 as live guidance—it is entirely superseded by ASU 2014-09; the common mistake is assuming industry-specific oil and gas revenue rules (like gas balancing) survived the move to ASC 606 rather than being folded into the five-step model and ASC 932-606.", "related_topics": [ "606", "932-606", "605", "340-40", "932" ], "key_concepts": [ "superseded guidance", "legacy revenue recognition", "oil and gas revenue", "extractive activities", "industry-specific revenue guidance" ] } ``` Source downloaded (UTC): 2026-09-10T00:48:32.083Z to 2026-09-10T00:48:32.083Z Record version: sha256:c43d036b6a5881b0cc70adda40bc55686d1bfe6b9822f66439de0c365ff646be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-932-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/932/#00-status) SEC content: no ##### [605-932-00-1](https://asc.understandingaccounting.org/asc/605/932/#605-932-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:32.083Z to 2026-09-10T00:48:32.083Z Record version: sha256:166ef827d8684a661633b03802b461d8a8585e8b5a42a1dbf259e38b06662fa4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
932-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
932-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
932-605-25-2SupersededAccounting Standards Update No. 2014-0905/28/2014
932-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:48:35.754Z to 2026-09-10T00:48:35.754Z Record version: sha256:f42adabc0a5f133866c54554d97c502d356dd00dfd01c9c6f9461e8f3c477eaf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-932-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/932/#05-overview-and-background) SEC content: no ##### [605-932-05-1](https://asc.understandingaccounting.org/asc/605/932/#605-932-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:35.754Z to 2026-09-10T00:48:35.754Z Record version: sha256:965e4f362946b5cba5259707d53272c4548642b2e9b28a527dc42cf8e5b1fc07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:39.780Z to 2026-09-10T00:48:39.780Z Record version: sha256:0dead5f1d9999f4244afb902058ebb8095953881c2124e5a264be800da9d027b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-932-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/932/#15-scope-and-scope-exceptions) SEC content: no ##### [605-932-15-1](https://asc.understandingaccounting.org/asc/605/932/#605-932-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:39.780Z to 2026-09-10T00:48:39.780Z Record version: sha256:7c9528a8464f7ad09a5ed62f76023a33c5daff37f5f7004596fa240d10066dae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:42.782Z to 2026-09-10T00:48:42.782Z Record version: sha256:2abf3a003dd7f8de80aac79e33f099c1d009d91f7678f6fa80261ea693317bf7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-932-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/932/#25-recognition) SEC content: no ##### [605-932-25-1](https://asc.understandingaccounting.org/asc/605/932/#605-932-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:42.782Z to 2026-09-10T00:48:42.782Z Record version: sha256:63c11853d21cd85e49f4db6ca76a9dec8f7584ade35c6af150caf962a90c3b17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [605-932-25-2](https://asc.understandingaccounting.org/asc/605/932/#605-932-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:42.782Z to 2026-09-10T00:48:42.782Z Record version: sha256:ad1c741274803ccbebe7f2ba1f75dcded95087e4070c2e7542a77aae65502c55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:46.179Z to 2026-09-10T00:48:46.179Z Record version: sha256:38c1c6538d8ced41dff59a3fc108cd6f6c03317b4fd77756bc6e426aec36855e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-932-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/932/#50-disclosure) SEC content: no ##### [605-932-50-1](https://asc.understandingaccounting.org/asc/605/932/#605-932-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:46.179Z to 2026-09-10T00:48:46.179Z Record version: sha256:e65244978809575c5bbaa4e498063a513dd03e92bfe219ef883c120e16a3a867 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:49.511Z to 2026-09-10T00:49:01.667Z Record version: sha256:240cc6a75903831123be6f931af91020f38a64091ff51989b35371844b93ab57 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-940: Revenue Recognition — Financial Services—Brokers and Dealers ### Machine-generated study aids ```json { "summary": "ASC 605-940 formerly provided industry-specific revenue recognition guidance for brokers and dealers in securities (e.g., trade-date recognition of commissions and related expenses, and measurement of such revenues). Every paragraph in the subtopic — Sections 05, 15, 25 and 30 — was superseded by ASU 2014-09, so the subtopic contains no remaining operative guidance. Broker-dealer revenue from contracts with customers is now accounted for under ASC 606, with related industry implementation guidance in ASC 940-605.", "key_points": [ "All content of ASC 605-940 (605-940-05-1, 15-1, 25-1 through 25-4, and 30-1 through 30-2) was superseded by Accounting Standards Update No. 2014-09.", "Because no paragraphs remain, ASC 605-940 imposes no recognition or measurement requirements and cannot be cited as authoritative support.", "Revenue from contracts with customers earned by brokers and dealers in securities is now recognized under the five-step model in ASC 606-10-05-4, not under legacy industry guidance.", "Industry-specific implementation guidance for broker-dealer revenue now resides in ASC 940-605 (Financial Services—Brokers and Dealers, Revenue Recognition).", "Amounts within the scope of other Topics — such as trading gains and losses on financial instruments — remain outside ASC 606 and are addressed under ASC 320, ASC 815, or ASC 940-320." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell: its only content is a record that ASU 2014-09 wiped out the legacy broker-dealer revenue rules. The common mistake is citing 605-940 for trade-date commission recognition — go instead to ASC 606 for the model and ASC 940-605 for industry application.", "related_topics": [ "606", "940-605", "940-320", "340-40", "605" ], "key_concepts": [ "superseded guidance", "broker-dealer revenue", "commission revenue", "trade date accounting", "revenue from contracts with customers", "industry-specific revenue guidance" ] } ``` Source downloaded (UTC): 2026-09-10T00:48:49.511Z to 2026-09-10T00:48:49.511Z Record version: sha256:8684eccd7983ae2e254d6ef6f820ae0f37aeff9b6afe459b24dfe3dab1c73230 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-940-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/940/#00-status) SEC content: no ##### [605-940-00-1](https://asc.understandingaccounting.org/asc/605/940/#605-940-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:49.511Z to 2026-09-10T00:48:49.511Z Record version: sha256:c334f363e286868b9cd2b2d0bbf468f67a2b9be901b4020cff384a8e7abdef95 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Half-TurnSupersededAccounting Standards Update No. 2014-0905/28/2014
Round-TurnSupersededAccounting Standards Update No. 2014-0905/28/2014
940-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
940-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
940-605-25-1 through 25-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
940-605-30-1SupersededAccounting Standards Update No. 2014-0905/28/2014
940-605-30-2SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:48:52.371Z to 2026-09-10T00:48:52.371Z Record version: sha256:a637524b69befd78c59f7001f36f633ccb9a849af288fa7ca51bf8e9ce40c457 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-940-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/940/#05-overview-and-background) SEC content: no ##### [605-940-05-1](https://asc.understandingaccounting.org/asc/605/940/#605-940-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:52.371Z to 2026-09-10T00:48:52.371Z Record version: sha256:4808299fb183ddeec411d305c1c7171084872c9110fe4792c9732005a530753e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:54.469Z to 2026-09-10T00:48:54.469Z Record version: sha256:56ce85aeb63e98d6b24b4601b1dcf9e12ad02851fd7dd44aadabb31acecb9601 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-940-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/940/#15-scope-and-scope-exceptions) SEC content: no ##### [605-940-15-1](https://asc.understandingaccounting.org/asc/605/940/#605-940-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:54.469Z to 2026-09-10T00:48:54.469Z Record version: sha256:3534fa7c9ec38e703c145163d3bb055bc14cdcf40160f8427ee6023a3ff908b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:48:56.158Z to 2026-09-10T00:48:56.158Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-940-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/940/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:48:59.184Z to 2026-09-10T00:48:59.184Z Record version: sha256:cb6ae506e199336773b0a1f4997ab7c226779a9280cbfbb0c91338b50a5fce0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-940-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/940/#25-recognition) SEC content: no ##### [605-940-25-1](https://asc.understandingaccounting.org/asc/605/940/#605-940-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:59.184Z to 2026-09-10T00:48:59.184Z Record version: sha256:59ce4ae4fb881d63b6bf2b401951f899ff4ee3dbdb0ca95fb154b1ae10ffead2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-940-25-2](https://asc.understandingaccounting.org/asc/605/940/#605-940-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:59.184Z to 2026-09-10T00:48:59.184Z Record version: sha256:6b8a9fb711ed51b2ebbb5324633503d48e77155a07141a1ddf087fd77fc4cb94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-940-25-3](https://asc.understandingaccounting.org/asc/605/940/#605-940-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:59.184Z to 2026-09-10T00:48:59.184Z Record version: sha256:86eca20cc9556894d19fd6aaa8f78949981fee2f88d1c49ed45676052c36b17c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-940-25-4](https://asc.understandingaccounting.org/asc/605/940/#605-940-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:48:59.184Z to 2026-09-10T00:48:59.184Z Record version: sha256:49fa5c5577f354e1f5ae97ef4f11a6bc108ec454c3aa0db391fc7cd4ff7d4da3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:49:01.667Z to 2026-09-10T00:49:01.667Z Record version: sha256:17f18fff492a02a1f36c43fcf3913ad16a6303dbdbaeb8014510e4b55a2f6b6a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-940-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/940/#30-initial-measurement) SEC content: no ##### [605-940-30-1](https://asc.understandingaccounting.org/asc/605/940/#605-940-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:01.667Z to 2026-09-10T00:49:01.667Z Record version: sha256:6c1f46267a1a67828baab2c6cac13504008bbf9f6c60998a42448ed65a5d668a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-940-30-2](https://asc.understandingaccounting.org/asc/605/940/#605-940-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:01.667Z to 2026-09-10T00:49:01.667Z Record version: sha256:9e4f17c9b13a5ef0691abd724bd6b5d080934413aa8efc19369af920c7147a61 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:49:05.144Z to 2026-09-10T00:49:14.292Z Record version: sha256:1f11a590798fb696888994a8a9c25b9744e8e6b3f733301ca4374036bf087896 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-942: Revenue Recognition — Financial Services—Depository and Lending ### Machine-generated study aids ```json { "summary": "ASC 605-942 was the industry-specific revenue recognition guidance for depository and lending institutions (financial services) under the legacy ASC 605 model. Every paragraph in its Overview (05), Scope (15), and Recognition (25) sections was superseded by ASU 2014-09, so the subtopic contains no operative guidance. Revenue from contracts with customers for banks and lenders is now addressed under ASC 606 (with financial-instrument-related income remaining in ASC 310, 320, 815, 825, 942, etc.).", "key_points": [ "All content of ASC 605-942 (paragraphs 605-942-05-1 through 05-2, 15-1, and 25-1 through 25-3) was superseded by Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers.", "Because no paragraphs remain operative, ASC 605-942 imposes no recognition, measurement, or disclosure requirements on depository and lending institutions.", "Revenue recognition for in-scope customer contracts of depository and lending entities is governed by ASC 606, and related contract cost guidance by ASC 340-40.", "ASC 606-10-15-2 excludes financial instruments and other contractual rights or obligations within the scope of topics such as ASC 310, 320, 405, 815, 825, and 860, so interest income and many lending-related revenues fall outside ASC 606.", "Remaining industry guidance for these entities resides in ASC 942 (Financial Services—Depository and Lending), including ASC 942-605 for the current revenue guidance location.", "The superseded subtopic remains in the Codification only as a historical marker; entities that have adopted ASU 2014-09 may not apply it." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "Know that this subtopic is entirely superseded — citing it as live authority is the classic error; look to ASC 606 (and ASC 942-605) instead. Also remember that much bank revenue (interest, loan fees, investment gains) is scope-excluded from ASC 606 because it arises from financial instruments.", "related_topics": [ "606", "340-40", "942", "942-605", "310", "825" ], "key_concepts": [ "superseded guidance", "revenue recognition", "depository and lending institutions", "industry-specific guidance", "scope exclusion for financial instruments", "transition to asc 606" ] } ``` Source downloaded (UTC): 2026-09-10T00:49:05.144Z to 2026-09-10T00:49:05.144Z Record version: sha256:18d891e93edf62a5e3e6a58ab9eb7a6eada237efd5b73db51235abb5614bb9ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-942-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/942/#00-status) SEC content: no ##### [605-942-00-1](https://asc.understandingaccounting.org/asc/605/942/#605-942-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:05.144Z to 2026-09-10T00:49:05.144Z Record version: sha256:d781545694984b8e4100f9fa02451bf86fa9024c22c8208139832e9ea7a60c8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
942-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
942-605-05-2SupersededAccounting Standards Update No. 2014-0905/28/2014
942-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
942-605-25-1 through 25-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:49:07.043Z to 2026-09-10T00:49:07.043Z Record version: sha256:5d0e9f555322dd61a4ed9c757151932e3268a3ddf57179be297e9daa6a9f28a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-942-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/942/#05-overview-and-background) SEC content: no ##### [605-942-05-1](https://asc.understandingaccounting.org/asc/605/942/#605-942-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:07.043Z to 2026-09-10T00:49:07.043Z Record version: sha256:fc596c2f2faf4b932fa297bf2dadff9504f61b848ad23baee9bb220b4e0f729e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-942-05-2](https://asc.understandingaccounting.org/asc/605/942/#605-942-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:07.043Z to 2026-09-10T00:49:07.043Z Record version: sha256:39522292c689703636bf8954891db013199129e5a42acb63da5383c682e0175f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:49:10.719Z to 2026-09-10T00:49:10.719Z Record version: sha256:bf8423ebdb0812e1296b5be2aafd92b4b34a6360a74258e3009106a03c92bad2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-942-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/942/#15-scope-and-scope-exceptions) SEC content: no ##### [605-942-15-1](https://asc.understandingaccounting.org/asc/605/942/#605-942-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:10.719Z to 2026-09-10T00:49:10.719Z Record version: sha256:4b24e0e15cb5806e14f0091a1a0f5a12f63a85de08e69306154b6b5035f16281 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:49:14.292Z to 2026-09-10T00:49:14.292Z Record version: sha256:e5e6e832601a70adbedfe19df377ccd78e8a820f82f34750d40519f2c94019de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-942-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/942/#25-recognition) SEC content: no ##### [605-942-25-1](https://asc.understandingaccounting.org/asc/605/942/#605-942-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:14.292Z to 2026-09-10T00:49:14.292Z Record version: sha256:f2275f4389b632c5f973d944e7d3302d12dd4e0e271d2b2fcb6f15139ea3ab87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-942-25-2](https://asc.understandingaccounting.org/asc/605/942/#605-942-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:14.292Z to 2026-09-10T00:49:14.292Z Record version: sha256:8a9b13966c2162042606d280a0ca6e91ac8d7d2bd76e6ef0a36da8aa0821f386 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-942-25-3](https://asc.understandingaccounting.org/asc/605/942/#605-942-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:14.292Z to 2026-09-10T00:49:14.292Z Record version: sha256:21008bb0d14a4d5a976cfb3cda6523fbb281b1e8215702f6a6c817bf649c0f00 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:49:17.918Z to 2026-09-10T00:49:46.481Z Record version: sha256:132ac680bb061d70613cb488dfea6f7c1509bcb7de40cdaf1be9418476ded09e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944: Revenue Recognition — Financial Services—Insurance ### Machine-generated study aids ```json { "summary": "ASC 944-605 governs when and how insurance entities recognize premium revenue, split into short-duration, long-duration, reinsurance, and financial guarantee subsections. Short-duration premiums are earned over the contract (or risk) period in proportion to insurance protection provided; long-duration premiums are recognized when due from policyholders; universal life-type contract revenue is limited to amounts assessed against policyholders, with front-end fees deferred as unearned revenue. Reinsurance sections address prepaid reinsurance premiums, deferral and amortization of retroactive reinsurance gains, and the open year versus periodic method for foreign reinsurance.", "key_points": [ "Short-duration premiums are recognized as revenue over the contract period (or period of risk if significantly different) in proportion to the insurance protection provided, generally evenly (944-605-25-1); if the ultimate premium is not reasonably estimable, the cost recovery or deposit method may be used (944-605-25-2).", "Long-duration contract premiums are recognized as revenue over the premium-paying period when due from policyholders (944-605-25-3), and gross premium in excess of net premium on limited-payment contracts is deferred as a deferred profit liability (944-605-25-4A) recognized in constant relationship to insurance in force or expected future benefit payments (944-605-35-1 through 35-1C).", "Premiums collected on universal life-type contracts are not revenue; revenue is the amounts assessed against policyholders in the period assessed, with assessments for future services and front-end/initiation fees recorded as unearned revenue (944-605-25-5 through 25-7) and amortized using the same assumptions used for deferred acquisition costs (944-605-35-2).", "Title insurance premiums are recognized on the effective date of the contract (or binder date if the entity is legally or contractually entitled to the premium) (944-605-25-12), and agent-issued contracts are recognized when agents are entitled to premiums if reasonably estimable (944-605-25-13).", "Prospective reinsurance amounts paid are reported as prepaid reinsurance premiums amortized over the remaining contract period in proportion to protection provided (944-605-25-20; 944-605-35-8); retroactive reinsurance gains (liabilities exceeding amounts paid) are deferred and amortized by the interest or recovery method (944-605-25-22; 944-605-35-9), while excess of amounts paid over liabilities is charged to earnings immediately (944-605-25-23).", "Foreign reinsurance must use the periodic method unless the foreign ceding entity cannot supply information to estimate ultimate premiums and periods under U.S. GAAP, in which case the open year method defers premiums, claims, commissions, and direct taxes in an open underwriting balance until earned premiums are reasonably estimable (944-605-25-17 through 25-19; 944-605-35-5 through 35-7).", "For financial guarantee insurance contracts, an unearned premium revenue liability (the stand-ready obligation) is recognized at inception measured at the premium received or the present value of premiums due/expected (944-605-25-25; 944-605-30-5 through 30-7) and released to revenue using a constant rate applied to insured principal amounts outstanding (944-605-25-27 through 25-29); on a refunding, remaining nonrefundable unearned premium and deferred acquisition costs are recognized immediately (944-605-25-32 through 25-33)." ], "categories": [ "Revenue", "Industry-specific", "Recognition", "Subsequent measurement" ], "audience_level": "advanced", "student_note": "Insurance revenue recognition is largely carved out of ASC 606, so know that \"premium collected\" is not automatically \"revenue\"—for universal life-type contracts only assessments are revenue, and for retroactive reinsurance a day-one gain must be deferred (losses, by contrast, hit earnings immediately). The most common error is applying general revenue models or netting reinsurance recoverables against gross liabilities when no right of setoff exists.", "related_topics": [ "944-40", "944-20", "944-30", "944-310", "210-20", "606" ], "key_concepts": [ "premium revenue recognition", "short-duration and long-duration contracts", "universal life-type contracts", "unearned revenue and front-end fees", "deferred profit liability", "retroactive reinsurance deferred gain", "open year method", "financial guarantee unearned premium revenue" ] } ``` Source downloaded (UTC): 2026-09-10T00:49:17.918Z to 2026-09-10T00:49:17.918Z Record version: sha256:168222492945bd3aed0a8e5ebc4500bb73d4f6003fc9f39366b9974590341363 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/944/#00-status) SEC content: no ##### [605-944-00-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:17.918Z to 2026-09-10T00:49:17.918Z Record version: sha256:d445bea788215f2ba5efa2b1b065a79cd4e40cb7eb5e92addd62f3126b11e79d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Acquisition CostsAmendedAccounting Standards Update No. 2010-2610/13/2010
Contract PeriodAmendedAccounting Standards Update No. 2016-1912/14/2016
Liability for Future Policy BenefitsAddedAccounting Standards Update No. 2018-1208/15/2018
Net PremiumsAmendedAccounting Standards Update No. 2018-1208/15/2018
Reinsurance ReceivableSupersededAccounting Standards Update No. 2016-1912/14/2016
Reinsurance RecoverableAddedAccounting Standards Update No. 2016-1912/14/2016
944-605-05-1AmendedAccounting Standards Update No. 2016-1912/14/2016
944-605-05-7AmendedAccounting Standards Update No. 2009-0207/01/2009
944-605-05-8AmendedAccounting Standards Update No. 2009-0207/01/2009
944-605-25-8SupersededAccounting Standards Update No. 2018-1208/15/2018
944-605-25-11SupersededAccounting Standards Update No. 2018-1208/15/2018
944-605-25-21AmendedAccounting Standards Update No. 2016-0101/05/2016
944-605-25-22AmendedAccounting Standards Update No. 2016-1912/14/2016
944-605-25-23AmendedAccounting Standards Update No. 2016-1912/14/2016
944-605-25-24AmendedAccounting Standards Update No. 2009-0207/01/2009
944-605-30-1AmendedAccounting Standards Update No. 2018-1208/15/2018
944-605-30-2AmendedAccounting Standards Update No. 2018-1208/15/2018
944-605-30-2AAddedAccounting Standards Update No. 2018-1208/15/2018
944-605-35-1AmendedAccounting Standards Update No. 2018-1208/15/2018
944-605-35-1AAmendedAccounting Standards Update No. 2018-1208/15/2018
944-605-35-1BAddedAccounting Standards Update No. 2018-1208/15/2018
944-605-35-1CAddedAccounting Standards Update No. 2018-1208/15/2018
944-605-35-8AmendedAccounting Standards Update No. 2012-0410/01/2012
944-605-35-9AmendedAccounting Standards Update No. 2012-0410/01/2012
944-605-35-12AmendedAccounting Standards Update No. 2016-1912/14/2016
944-605-45-1AmendedMaintenance Update 2016-11 (PDF)06/27/2016
944-605-55-1AmendedAccounting Standards Update No. 2016-1912/14/2016
944-605-55-11AmendedAccounting Standards Update No. 2016-1912/14/2016
944-605-55-12AmendedAccounting Standards Update No. 2016-1912/14/2016
944-605-55-14AmendedAccounting Standards Update No. 2016-1912/14/2016
944-605-55-15AmendedAccounting Standards Update No. 2016-1912/14/2016
Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:3f3fe40daa53cb177eb9ca956bda7425a2ad993b06b96a69b00ea89604500871 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/944/#05-overview-and-background) SEC content: no ##### [605-944-05-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:93cd0546419051981d042cc1ad0954eb8001fa0639ffb6401300d12af2e31ba6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance to insurance entities on accounting for and financial reporting of revenue from insurance contracts. The guidance in this Subtopic is presented in the following five Subsections: 1. a General 2. b Short-Duration Contracts 3. c Long-Duration Contracts 4. d [Reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") Contracts 5. e Financial Guarantee Insurance Contracts. ### Short-Duration Contracts ##### [605-944-05-2](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:9ab5cbf35c62d24acb405f16518debe13d40a43995b1d0c9ad1aa3a1375ab396 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Short-Duration Contracts Subsections of this Subtopic provide guidance to insurance entities on accounting for and financial reporting of revenue from short-duration insurance contracts. ### Long-Duration Contracts ##### [605-944-05-3](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:1df6022ce4af4ff8ac7fcbc2250ce2bc6e4771e04af0da551cf294959f0a63c8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Long-Duration Contracts Subsections of this Subtopic provide guidance to insurance entities on accounting for and financial reporting of revenue from long-duration insurance contracts. ### Reinsurance Contracts ##### [605-944-05-4](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:5abff7a765088f2419ad6049522a15e5c416a073b8988f94674f205571bbfd9f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Reinsurance Contracts Subsections of this Subtopic provide guidance to insurance entities on accounting for and financial reporting of revenue from [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") contracts. #### All Reinsurance Contracts ##### [605-944-05-5](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:59a3f7d2a166603b55fe274c46f38815b496f707c7d6816de003b5f553ebe367 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Reinsurers](https://asc.understandingaccounting.org/glossary/r/#reinsurer "The assuming entity in a reinsurance transaction.") assuming business from domestic entities historically have had sufficient information to monitor and account for contract results. In contrast, some reinsurers assuming business from foreign entities do not receive such information, because in some foreign jurisdictions, insurance entities' accounting and reporting practices concerning periodic recognition of revenue and incurred claims are substantially different from U.S. practices. Therefore, reinsurers assuming business from foreign ceding entities cannot always obtain sufficient information to periodically estimate earned premiums for the business assumed from the foreign ceding entities. ##### [605-944-05-6](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:a0ced4cdab21a3e513a6fbbbc466a53c0559b13e9a463ad676bc5bd23951bad0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A significant amount of reinsurance is transacted through syndicates organized by Lloyd's of London. Lloyd's syndicates report the amounts of premiums, claims, and expenses recorded in an underwriting account for a particular year to the assuming entities that participate in the syndicates. The syndicates generally keep accounts open for three years. Traditionally, three years have been necessary to report substantially all premiums associated with an underwriting year and to report most related claims, although claims may remain unsettled after the account is closed. A Lloyd's syndicate typically closes an underwriting account by reinsuring outstanding claims on that account with a syndicate for the next underwriting year. The ceding syndicate pays the assuming syndicate an amount based on the unearned premiums and outstanding claims in the underwriting account at the date of the assumption and distributes the remaining balance to its participants. ##### [605-944-05-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:3e8c119924ec6649b8c6560718f266d7c956102a6cd1a56c8b92f29a49387737 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [605-944-05-8](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:3c3101282d4268b3dc8477706080c1a8cd09c3d2e1e39dc6c732caafb7a08681 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ### Financial Guarantee Insurance Contracts ##### [605-944-05-9](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:b9dea77382c6b6fb8ae2bc7cbfb66b1bf1be0d5505ef43d7ff33a25c51e28934 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Financial Guarantee Insurance Contracts Subsections of this Subtopic provide guidance to insurance entities on accounting for and financial reporting of revenue from financial guarantee insurance contracts. #### Early Retirement and Replacement of an Insured Financial Obligation ##### [605-944-05-10](https://asc.understandingaccounting.org/asc/605/944/#605-944-05-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:20.979Z to 2026-09-10T00:49:20.979Z Record version: sha256:54ed7d443227edeec3b8f455f78931db665fac003f4f181afc79fc628adb6f03 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In some cases, the issuer of an insured financial obligation will retire an insured financial obligation before its maturity and replace it with a new financial obligation. That situation, referred to as a refunding, often occurs when interest rates decrease and the insured financial obligation is replaced with a new financial obligation at a lower interest rate. Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:3f55e94916620682a1cc691e3779fa6a3137c93a9e75c60b47636c2bdb744bf7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/944/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [605-944-15-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:eef56cb3326f65c9a3ba7a28c017b950de1e58bc1e94b880bbfed66d737941ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 944-10-15, with specific entity exceptions noted below. #### Entities ##### [605-944-15-2](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:c9415f0a43748088740fe276a14f561ea65bf16b35833ca338f0e414e1a1e94d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic does not apply to [mortgage guaranty insurance entities](https://asc.understandingaccounting.org/glossary/m/#mortgage-guaranty-insurance-entity "An insurance entity that issues insurance contracts that guarantee lenders, such as savings and loan associations, against nonpayment by mortgagors."). ### Short-Duration Contracts #### Overall Guidance ##### [605-944-15-3](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:e72281715772b340021af087c15c21af167cfd31032911bdf9f2c0f334238c7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Short-Duration Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the [General Subsection](https://asc.understandingaccounting.org/updates/page-2147479834/) of this Section, with specific instrument exceptions noted below. #### Instruments ##### [605-944-15-4](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:27382c9e37b40cca9c69ac6bf7520f1e71c6cde64128c6b20256b216e6ad4ffa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Short-Duration Contracts Subsections of this Subtopic applies only to short-duration contracts. See the [Short-Duration Contracts Subsection](https://asc.understandingaccounting.org/asc/944/20/#15-scope-and-scope-exceptions) of Section 944-20-15 for a discussion of what constitutes a short-duration contract. ### Long-Duration Contracts #### Overall Guidance ##### [605-944-15-5](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:4843594f7148e03aff3a6c24ea8d28b0dd9a0bd2f4153098184e420fb125896d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Long-Duration Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the [General Subsection](https://asc.understandingaccounting.org/updates/page-2147479834/) of this Section, with specific instrument exceptions noted below. #### Instruments ##### [605-944-15-6](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:65854578c4f767bbea4b78cb12535359ddd52c1791d844215135e3504c38a8b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Long-Duration Contracts Subsections of this Subtopic applies only to long-duration contracts. See the [Long-Duration Contracts Subsection](https://asc.understandingaccounting.org/asc/944/20/#15-scope-and-scope-exceptions) of Section 944-20-15 for a discussion of what constitutes a long-duration contract. ### Reinsurance Contracts #### Overall Guidance ##### [605-944-15-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:1cba74a99d08ec6abd48f9903cb786215798e5773e11ee95eacf97618bfff305 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Reinsurance Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the [General Subsection](https://asc.understandingaccounting.org/updates/page-2147479834/) of this Section, with specific instrument exceptions noted below. #### Instruments ##### [605-944-15-8](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:3bbd782bcefdcc7a5b2d63b188b0d20f9645641aac524207842f9955c9d9f82a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Reinsurance Contracts Subsections of this Subtopic applies only to [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") contracts. See the [Reinsurance Contracts Subsection](https://asc.understandingaccounting.org/asc/944/20/#15-scope-and-scope-exceptions) of Section 944-20-15 for a discussion of what constitutes a reinsurance contract. ### Financial Guarantee Insurance Contracts ##### [605-944-15-9](https://asc.understandingaccounting.org/asc/605/944/#605-944-15-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:23.529Z to 2026-09-10T00:49:23.529Z Record version: sha256:cf7042eab2b39a15276bc6028e5d10436019f2409af80579d7ab383cba20eb3e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Financial Guarantee Insurance Contracts Subsections of this Subtopic applies only to financial guarantee insurance contracts (which include financial guarantee reinsurance contracts). Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:2edc9c88c4103363ea15e8617fcff8050644bad4c10bcd2a65db7331bc7c1aef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/944/#25-recognition) SEC content: no ### Short-Duration Contracts ##### [605-944-25-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:5fc3207e3e8898a5138ae173f26da053b9a2312e7cf5c7d2c7abe120055e67b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Premiums from short-duration contracts shall be recognized as revenue over the period of the contract in proportion to the amount of insurance protection provided. For those few types of contracts for which the period of risk differs significantly from the [contract period](https://asc.understandingaccounting.org/glossary/c/#contract-period "The period over which insured events that occur are covered by insurance or reinsurance contracts. Commonly referred to as the coverage period or period that the contracts are in force."), premiums shall be recognized as revenue over the period of risk in proportion to the amount of insurance protection provided. That generally results in premiums being recognized as revenue evenly over the contract period (or the period of risk, if different), except for those few cases in which the amount of insurance protection declines according to a predetermined schedule. ##### [605-944-25-2](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:48e687da323e3ba237e32b0eaaec5c9cb9b3f8d33e180c26436260bac59f4f3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If premiums are subject to adjustment (for example, retrospectively rated or other experience-rated insurance contracts for which the premium is determined after the period of the contract based on [claim](https://asc.understandingaccounting.org/glossary/c/#claim "A demand for payment of a policy benefit because of the occurrence of an insured event.") experience or reporting-form contracts for which the premium is adjusted after the period of the contract based on the value of insured property), premium revenue shall be recognized as follows: 1. a If the ultimate premium is reasonably estimable, the estimated ultimate premium shall be recognized as revenue over the period of the contract. The estimated ultimate premium shall be revised to reflect current experience. 2. b If the ultimate premium cannot be reasonably estimated, the [cost recovery method](https://asc.understandingaccounting.org/glossary/c/#cost-recovery-method "A revenue recognition method under which premiums are recognized as revenue in an amount equal to estimated claim costs as insured events occur until the ultimate premium is reasonably estimable, and recognition of income is postponed until that time.") or the [deposit method](https://asc.understandingaccounting.org/glossary/d/#deposit-method "A revenue recognition method under which premiums are not recognized as revenue and claim costs are not charged to expense until the ultimate premium is reasonably estimable, and recognition of income is postponed until that time.") may be used until the ultimate premium becomes reasonably estimable. ### Long-Duration Contracts #### Traditional Long-Duration Contracts ##### [605-944-25-3](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:9c24d261e5fcee9fec70bbdd4653e0c3b3a640d2583faf9987d5c81649d9a41c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because no single function or service is predominant over the periods of most types of long-duration contracts, premiums shall be recognized as revenue over the premium-paying periods of the contracts when due from policyholders. This includes premiums from [whole-life contracts](https://asc.understandingaccounting.org/glossary/w/#whole-life-contract "Insurance that may be kept in force for a person's entire life by paying one or more premiums. It is paid for in one of three different ways: Ordinary life insurance (premiums are payable as long as the insured lives) Limited-payment life insurance (premiums are payable over a specified number of years) Single-premium life insurance (a lump-sum amount paid at the inception of the insurance contract). The insurance contract pays a benefit (contractual amount adjusted for items such as policy loans and dividends, if any) at the death of the insured. Whole-life insurance contracts also build up nonforfeiture benefits."), guaranteed renewable term life contracts, title insurance contracts, and participating life insurance contracts that meet the criteria in paragraph [944-20-15-3](https://asc.understandingaccounting.org/asc/944/20/#944-20-15-3). ##### [605-944-25-4](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:affa815e71a2731dcbbeca8ed42070d3836052ced7b5bbdb9fd2500efcd2d3c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Premium revenue from long-duration contracts generally exceeds expected policy benefits in the early years of the contracts and it is necessary to accrue, as premium revenue is recognized, a liability for costs that are expected to be paid in the later years of the contracts. See Subtopic 944-40 for specific guidance. #### Limited-Payment Contracts ##### [605-944-25-4A](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-4A) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:22f0d1eac4c24e3e6ac2aaba8ef030d0ea57308fb9d2abcf060908bea9f70eb3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because the collection of premium under a limited-payment contract does not represent the completion of an earnings process, any [gross premium](https://asc.understandingaccounting.org/glossary/g/#gross-premium "The premium charged to a policyholder for an insurance contract. See also Net Premiums.") received in excess of the net premium shall be deferred. #### Universal Life-Type Contracts ##### [605-944-25-5](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:378b58ffac739f89dc1bbfe76454e091c06889bd0ddfdf625c81b523867c5d7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Premiums collected on universal life-type contracts shall not be reported as revenue in the statement of earnings of the insurance entity. Revenue from those contracts shall represent amounts assessed against policyholders and shall be reported in the period that the amounts are assessed unless evidence indicates that the amounts are designed to compensate the insurer for services to be provided over more than one period. ##### [605-944-25-6](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:423da51c60cb343ed4696e0b344eb36fd3c055893f6081c99aa074c57719c963 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amounts assessed that represent compensation to the insurance entity for services to be provided in future periods are not earned in the period assessed. Such amounts shall be recognized as unearned revenue. ##### [605-944-25-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:f2312909ddcbf90bda1d6abc0bf12270671bec8fc1a70426576cff5bf6b95265 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amounts that are assessed against the policyholder balance as consideration for origination of the contract, often referred to as [initiation or front-end fees](https://asc.understandingaccounting.org/glossary/i/#initiation-or-front-end-fees "Amounts that are assessed against the policyholder balance as consideration for origination of the contract."), shall be recognized as unearned revenues. ##### [605-944-25-8](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:9a58799a06c43320e7239f97577bf48a595dba6c7ab20eea7ed1332703979360 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-12](https://asc.understandingaccounting.org/updates/asu-2018-12/). ##### [605-944-25-9](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:75a5113b9d9eaf0871462c3c6c48b2c6e389c074240e7ad77d69938f18ca65fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An insurance entity shall not record a liability for unearned revenue if the purpose is an attempt to inappropriately level the contract's gross profit over the life of the contract or the accrual would serve to produce a level gross profit from the [mortality](https://asc.understandingaccounting.org/glossary/m/#mortality "The relative incidence of death in a given time or place.") benefit over the life of the contract. ##### [605-944-25-10](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:c16c9aa60b74d039410fffeb8f5c008c8ca7b8e1cc22540c58b68f744061adc0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic does not limit the accrual of unearned revenue for insurance benefit features of universal life-type contracts to situations where profits are expected to be followed by losses; that is, the facts and circumstances of each situation must be considered in determining the need for accruing unearned revenue. ##### [605-944-25-11](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:4dad90b903f2b7f75ac4a8feb36b08da0439445e66f87223969f4c79d1d3cb00 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-12](https://asc.understandingaccounting.org/updates/asu-2018-12/). #### Title Insurance Contracts ##### [605-944-25-12](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:e6a4c151c8d24c7dfc7adcfbb56ebe5a4505cbc61c13e8fa66a028577c743499 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Except as noted in the next sentence, premiums from title insurance contracts shall be considered due from policyholders and, accordingly, recognized as revenue on the effective date of the insurance contract because most of the services associated with the contract have been rendered by that time. However, the [binder date](https://asc.understandingaccounting.org/glossary/b/#binder-date "The date a commitment to issue a policy is given.") is appropriate if the insurance entity is legally or contractually entitled to the premium on the binder date. ##### [605-944-25-13](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:934f1350caf5ede6d21c01b72fb31f34b5a98dc9fc915f074cc98d4cd536b22d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If reasonably estimable, premium revenue and costs relating to title insurance contracts issued by agents shall be recognized when the agents are legally or contractually entitled to the premiums, using estimates based on past experience and other sources. If not reasonably estimable, premium revenue and costs shall be recognized when agents report the issuance of title insurance contracts. #### Retrospective and Contingent Commission Arrangements ##### [605-944-25-14](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:5c578400e08042250a5f0448ca871a80f5be2f9308e7094c9166300ce7083365 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If retrospective commission or experience refund arrangements exist under experience-rated insurance contracts, a separate liability shall be accrued for those amounts. Income in any period shall not include any amounts that are expected to be paid to agents or others in the form of experience refunds or additional commissions. Contingent commissions receivable or payable shall be accrued over the period in which related income is recognized. ##### [605-944-25-15](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:3318a1e3c6bfcf9690ec9aae6014f63e52750e64e6b05ab8155cb4f7d418f546 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ### Reinsurance Contracts #### Foreign Property and Liability Reinsurance ##### [605-944-25-16](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:18ff76886be11b87bb17f0b3757d83ded26683fb894475b6776052f2368a89ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The periodic method and [open year method](https://asc.understandingaccounting.org/glossary/o/#open-year-method "A revenue recognition method under which underwriting results of foreign reinsurance are not included in the income statement until sufficient information becomes available to provide reasonable estimates of earned premiums.") are not interchangeable in the same circumstances. The periodic method and open year method are not alternative accounting principles as discussed in Topic 250. Rather, one or the other is to be used depending on the circumstances. As such, changes between these methods are not accounting changes. In addition, changes from the periodic method to the open year method would be seldom. ##### [605-944-25-17](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:22cfefae41ea538ba7063cd15bc603f923cb841fccfe0a6ae4cf5e680e64ca92 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The periodic method of accounting for [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") provides for current recognition of profits and losses. Premiums are recognized as revenue over the policy term, and claims, including an estimate of claims incurred but not reported, are recognized as they occur. The periodic method shall be used to account for foreign reinsurance except in the circumstance described in the following paragraph. Only if reasonable estimates cannot be made currently, for the reason discussed in the following paragraph, shall the open year method be used. ##### [605-944-25-18](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:b8b368d294a9ae238edc197f029b62873d8129a5b9ba270366fc586b7c68a234 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If, due to local revenue recognition policies, the foreign [ceding entity](https://asc.understandingaccounting.org/glossary/c/#ceding-entity "The party that pays a reinsurance premium in a reinsurance transaction. The ceding entity receives the right to reimbursement from the assuming entity under the terms of the reinsurance contract.") cannot provide the information required by the assuming entity to estimate both the ultimate premiums and the appropriate periods of recognition in accordance with U.S. generally accepted accounting principles (GAAP), then the open year method shall be used. If the foreign ceding entity maintains supplementary records that are sufficient to reasonably estimate earned premiums currently, then the U.S. assuming entity shall obtain the necessary information and use the periodic method to account for the foreign reinsurance. The presence of uncertainties that may be inherent in estimating earned premiums is not an acceptable basis for using the open year method. ##### [605-944-25-19](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:c598b0cbf4d6f1703a9b5b1d3be177b8816ab757ea6dc6aeac91ae8d5a9b2dbc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Under the open year method, premiums, claims, commissions, and related direct taxes shall not be reported currently as income; instead, paragraph [944-605-35-5](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-5) requires that they be included in the open underwriting balance to which they pertain. The underwriting balances shall be aggregated and each underwriting balance shall be kept open until, as discussed in paragraph [944-605-35-6](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-6), sufficient information becomes available to record a reasonable estimate of earned premiums. #### Reinsurance of Short-Duration Contracts ##### [605-944-25-20](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:6676dcc1948adee9836b90efa818d9bcd23d17b289c2b6b729f2a23d00cb500f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amounts paid for [prospective reinsurance](https://asc.understandingaccounting.org/glossary/p/#prospective-reinsurance "Reinsurance in which an assuming entity agrees to reimburse a ceding entity for losses that may be incurred as a result of future insurable events covered under contracts subject to the reinsurance. A reinsurance contract may include both prospective and retroactive reinsurance provisions.") of short-duration contracts that meet the conditions for reinsurance accounting shall be reported as [prepaid reinsurance premiums](https://asc.understandingaccounting.org/glossary/p/#prepaid-reinsurance-premiums "Amounts paid to the reinsurer relating to the unexpired portion of reinsured contracts."). ##### [605-944-25-21](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:374a6789ae0efbef6b80e678f69037e8a8914aaa37f1c62f11e523585a750c6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If practicable, prospective and retroactive provisions included within a single contract shall be accounted for separately. The Reinsurance Contracts Subsections of this Subtopic do not require any specific method for allocating reinsurance premiums to the prospective and retroactive portions of a contract. However, separate accounting for the prospective and retroactive portions of a contract may take place only when an allocation is practicable. Practicability requires a reasonable basis for allocating the reinsurance premiums to the risks covered by the prospective and retroactive portions of the contract, considering all amounts paid or deemed to have been paid regardless of the timing of payment. If separate accounting for prospective and retroactive provisions included within a single contract is impracticable, the contract shall be accounted for as a retroactive contract provided the conditions for reinsurance accounting are met. Impracticable is used to mean that the prospective and retroactive provisions cannot be accounted for separately without incurring excessive costs. Practicability is a dynamic concept: what is practicable for one entity might not be for another; what is not practicable in one year might be in another. ##### [605-944-25-22](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:711e59e6bddfdc2961b3f8d614f8ea7ddcf63fc645f02a72b3b1dec98cc58321 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amounts paid for [retroactive reinsurance](https://asc.understandingaccounting.org/glossary/r/#retroactive-reinsurance "Reinsurance in which an assuming entity agrees to reimburse a ceding entity for liabilities incurred as a result of past insurable events covered under contracts subject to the reinsurance. A reinsurance contract may include both prospective and retroactive reinsurance provisions.") of short-duration contracts that meets the conditions for reinsurance accounting shall be reported as [reinsurance recoverables](https://asc.understandingaccounting.org/glossary/r/#reinsurance-recoverable "All amounts recoverable from reinsurers for paid and unpaid claims and claim settlement expenses, including estimated amounts receivable for unsettled claims, claims incurred but not reported, or policy benefits.") to the extent those amounts do not exceed the recorded liabilities relating to the underlying reinsured contracts. If the recorded liabilities exceed the amounts paid, reinsurance recoverables shall be increased to reflect the difference and the resulting gain deferred. ##### [605-944-25-23](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:26f0e15d0547385c66010c78b4842ed72a9fc1f813a0e5bc0f8e83973fb749fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the amounts paid for retroactive reinsurance for short-duration contracts exceed the recorded liabilities relating to the underlying reinsured short-duration contracts, the ceding entity shall increase the related liabilities or reduce the reinsurance recoverable or both at the time the reinsurance contract is entered into, so that the excess is charged to earnings. ##### [605-944-25-24](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:62d79949e4a81a5670f5e98d60d539fea3e4f9c84211fee789b64ef0f2a60084 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ### Financial Guarantee Insurance Contracts ##### [605-944-25-25](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:27b7d013d8d0c8b2f055c8e2862d9d5f3613fbb83ad8fc5f4c82efc092e625f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An insurance entity shall recognize a liability for the unearned premium revenue at the inception of a financial guarantee insurance contract. The unearned premium revenue represents the insurance entity's stand-ready obligation under a financial guarantee insurance contract at initial recognition. ##### [605-944-25-26](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:add511fcb941f4d6414edf9de9d962427c1e125b0f4ac98cf16edc01206cbe94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An insurance entity shall recognize the premium from a financial guarantee insurance contract as revenue over the period of the contract in proportion to the amount of insurance protection provided with a corresponding adjustment (decrease) in the unearned premium revenue. ##### [605-944-25-27](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:05dab8dcee8b8a8885f64e8d5f49db43ac0d659831516d0a28cb47854a20e960 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The amount of insurance protection provided is assumed to be a function of the insured principal amount outstanding. Therefore, the proportionate share of premium revenue to be recognized in a given reporting period shall be a constant rate calculated based on the relationship between the following: 1. a The insured principal amount outstanding in a given reporting period 2. b The sum of each of the insured principal amounts outstanding for all periods. ##### [605-944-25-28](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:63d944fd30aaa713e5967dd4daf96c4bf7f6f1914e48425041bdedae02dbb5ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Accordingly, the premium revenue for each reporting period shall be determined by multiplying the insured principal amount outstanding for that period by the ratio of (a) to (b): 1. a The total present value of the premium due or expected to be collected over the period of the contract 2. b The sum of all insured principal amounts outstanding during each reporting period over the period of the contract (either contract period or expected period). Example 2 (see paragraph [944-605-55-17](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-17)) illustrates the application of this guidance. ##### [605-944-25-29](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:5dbb9e847665d7e9d51f026744e33ac78b8d818d12f8d83204e3d9e52677b053 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an insured financial obligation accretes to the principal amount over its life and has a single principal payment at maturity, the sum of all insured accreted principal amounts outstanding during each reporting period shall be used as the denominator of the ratio and the insured principal amount outstanding is the accreted principal amount outstanding. Example 3 (see paragraph [944-605-55-19](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-19)) illustrates the application of this guidance. ##### [605-944-25-30](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:b0510727f9bd14e3000f947b93828b9e493f5b84b69dfa9a3574116d0198b1aa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the following paragraph applies if both of the following conditions exist: 1. a An expected period is used as discussed in paragraph [944-310-30-3](https://asc.understandingaccounting.org/asc/310/944/#310-944-30-3) 2. b The expected period changes due to changes in prepayment assumptions. ##### [605-944-25-31](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:0a9263683ba5d28307386f7600a02fa5ca8eb98d98b18aeae695f3685942fd96 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the conditions in the preceding paragraph are met, the insurance entity shall recalculate the constant rate based on the new prepayment assumptions (and current risk-free rate) and apply that new constant rate to the principal amounts outstanding for the remaining expected period of the contract. Example 1 in Section 944-310-55 (see paragraph [944-310-55-1](https://asc.understandingaccounting.org/asc/310/944/#310-944-55-1)) illustrates the application of this guidance. #### Early Retirement and Replacement of an Insured Financial Obligation ##### [605-944-25-32](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:5028a619127f54fe68ba1260aa4a7017af11bf19c37b53fb26ca5c8b652b1559 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In a refunding, the financial guarantee insurance contract on the retired financial obligation is extinguished—that is, the financial guarantee insurance contract must be extinguished to be considered a refunding for purposes of this paragraph. The insurance entity shall immediately recognize any nonrefundable unearned premium revenue related to that contract as premium revenue and any associated acquisition costs previously deferred under Subtopic 944-30 as an expense. ##### [605-944-25-33](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:29.001Z to 2026-09-10T00:49:29.001Z Record version: sha256:22ec964b33d0eeeb5c5846ebfa0ec7c410ef4daef4bc77ed7c9f33a65e81b7f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the insurance entity insures the new financial obligation, the insurance entity shall recognize the unearned premium revenue on the new financial obligation that is commensurate with the premium it would charge to insure a similar financial obligation in a separate (standalone) transaction. If that premium differs from the premium actually charged, the difference shall be recognized in current earnings. Example 4 (see paragraph [944-605-55-22](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-22)) illustrates the application of this guidance. Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:8a97ae5f311f8862343e661b2174b453795d4532f35cace46d75592de9466c19 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/944/#30-initial-measurement) SEC content: no ### Long-Duration Contracts #### Universal Life-Type Contracts with Death or Other Insurance Benefit Features ##### [605-944-30-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:a552d9407514c3f9fb305c21dc64c4d4dfbd27bffd943cd31b3950ce9281cb96 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A liability for unearned revenue to be recognized under paragraphs [944-605-25-5 through 25-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-5) and [944-605-25-9 through 25-10](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-9) shall be measured initially as the portion of such assessments that compensates the insurance entity for benefits to be provided in future periods. ##### [605-944-30-2](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:f426a3d19c85bb56d5d99db1f522fa5b4ecc80e69e97384939d43a5796afd9a8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For contracts in which assessments are collected over a period significantly shorter than the period for which the contract is subject to [mortality](https://asc.understandingaccounting.org/glossary/m/#mortality "The relative incidence of death in a given time or place.") and [morbidity](https://asc.understandingaccounting.org/glossary/m/#morbidity "The relative incidence of disability due to disease or physical impairment.") risks, the assessment would be considered a [front-end fee](https://asc.understandingaccounting.org/glossary/f/#front-end-fees "See Initiation or Front-End Fees.") and accounted for under paragraphs [944-605-25-6 through 25-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-6) . The amounts amortized into income shall be considered assessments for purposes of this paragraph. #### Limited-Payment Contracts ##### [605-944-30-2A](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-2A) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:d0ca2a06422ba60ac6ecf32012b283ec65c1eea0bb003a60bd742de89ae9a305 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Assumptions used in measuring any [gross premium](https://asc.understandingaccounting.org/glossary/g/#gross-premium "The premium charged to a policyholder for an insurance contract. See also Net Premiums.") deferred in accordance with paragraph [944-605-25-4A](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-4A) (that is, the deferred profit liability) shall be consistent with those used in estimating the [liability for future policy benefits](https://asc.understandingaccounting.org/glossary/l/#liability-for-future-policy-benefits "An accrued obligation to policyholders that relates to insured events, such as death or disability.") as described in paragraph [944-40-30-7](https://asc.understandingaccounting.org/asc/944/40/#944-40-30-7). #### Retrospective and Contingent Commission Arrangements ##### [605-944-30-3](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:1af4e8deb97c13fcbf4ad88e07b1cfa5489ce128fed0e94112c2ee21ecd260a9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The liability recognized under paragraph [944-605-25-14](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-14) shall be based on experience and the provisions of the contract. ### Reinsurance Contracts #### Reinsurance of Long-Duration Contracts ##### [605-944-30-4](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:c8c22e960f6abaf59552d481411c9e7fd542f748182d37781b019cf6fec4cb1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The difference, if any, between amounts paid for a [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") contract and the amount of the liabilities for policy benefits relating to the underlying reinsured contracts is part of the estimated cost to be amortized. ### Financial Guarantee Insurance Contracts ##### [605-944-30-5](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:dc7378f2f1c7500919f0387dc399db521f6e3b70223ca3abd42d00dd71a5c9c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Initial measurement of the unearned premium revenue recognized under paragraph [944-605-25-25](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-25) shall be equal to the present value of either of the following: 1. a If the criteria in paragraph [944-310-30-3](https://asc.understandingaccounting.org/asc/310/944/#310-944-30-3) are met and used, the premiums expected to be collected over the period of the financial guarantee insurance contract 2. b If the criteria in paragraph [944-310-30-3](https://asc.understandingaccounting.org/asc/310/944/#310-944-30-3) are not met, the premiums due. ##### [605-944-30-6](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:22abafa39eba86d812a3f275e01cc7235bdf2899cb78fb0df55d40daa746fdea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the premium is a single premium received at the inception of the financial guarantee insurance contract, the insurance entity shall initially measure the unearned premium revenue at the amount received. ##### [605-944-30-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:31.248Z to 2026-09-10T00:49:31.248Z Record version: sha256:03bfb861cdba49bf3611724bca3b766e01e1e4740af45831d497973689d92556 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the premiums are received as payments over the period of the financial guarantee insurance contract, the insurance entity shall initially measure the unearned premium revenue at an amount equal to the present value of the premiums due or expected to be collected over the period of the financial guarantee insurance contract. Example 1 (see paragraph [944-605-55-16](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-16)) illustrates the application of this paragraph. Paragraph [944-310-30-2](https://asc.understandingaccounting.org/asc/310/944/#310-944-30-2) provides guidance on the discount rate and the period used. Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:25ab330c177b4c7f479256ba48612c69f53d2f99150a21bd295f46384811aa70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/605/944/#35-subsequent-measurement) SEC content: no ### Long-Duration Contracts #### Limited-Payment Contracts ##### [605-944-35-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:d926a2d2ffd677ceddb33ecd75824695a36903df4b9a86efd4ca4bac0f744a0a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Any [gross premium](https://asc.understandingaccounting.org/glossary/g/#gross-premium "The premium charged to a policyholder for an insurance contract. See also Net Premiums.") deferred in accordance with paragraph [944-605-25-4A](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-4A)(that is, the deferred profit liability) shall be recognized in income in a constant relationship with insurance [in force](https://asc.understandingaccounting.org/glossary/i/#in-force "Policies and contracts written and recorded on the books of an insurance carrier that are unexpired as of a given date.") (if accounting for life insurance contracts) or with the amount of expected future benefit payments (if accounting for annuity contracts). ##### [605-944-35-1A](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-1A) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:86990d44b3783648a19c8a949246085403ecbc9143a4073501435206661ce647 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The deferred profit liability shall be amortized in relation to the discounted amount of the insurance in force or expected future benefit payments, discounted as described in paragraph [944-40-30-9](https://asc.understandingaccounting.org/asc/944/40/#944-40-30-9), and interest shall accrue to the unamortized balance. The use of interest in the amortization is consistent with the determination of the deferred profit using discounting. ##### [605-944-35-1B](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-1B) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:8f8625e1e3c5634e989aedabd38017faca02ed31076cd930a9f3d075652b1eaa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Assumptions shall be updated in subsequent accounting periods to determine changes in the deferred profit liability, contemporaneously with the updating of assumptions for the corresponding [liability for future policy benefits](https://asc.understandingaccounting.org/glossary/l/#liability-for-future-policy-benefits "An accrued obligation to policyholders that relates to insured events, such as death or disability.") (see paragraph [944-40-35-5](https://asc.understandingaccounting.org/asc/944/40/#944-40-35-5)). Cash flow assumptions shall be reviewed—and if there is a change, updated—on an annual basis, at the same time every year. Cash flow assumptions shall be updated in interim reporting periods if evidence suggests that earlier cash flow assumptions should be revised. The interest accretion rate shall remain the original discount rate used at contract issue date. ##### [605-944-35-1C](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-1C) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:27e818b16c5da2dfedf8681a8faa4a1166e280b7c4de9024c9815cecfffe4b67 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A related charge or credit to net income for the current reporting period as a result of updating cash flow assumptions at the level of aggregation at which reserves are calculated shall be determined as follows: 1. a Cash flow assumptions used to calculate the deferred profit liability at contract issuance shall be updated in subsequent periods using actual historical experience and updated future cash flow assumptions. 2. b The recalculated deferred profit liability as of the contract issue date shall be subsequently amortized in accordance with paragraph [944-605-35-1A](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-1A) to derive the revised deferred profit liability estimate as of the beginning of the current reporting period. 3. c The revised deferred profit liability estimate calculated in (b) shall be compared with the carrying amount of the deferred profit liability as of the beginning of the current reporting period to determine the change in estimate adjustment to be recognized in net income for the current reporting period (see paragraph [944-40-45-4](https://asc.understandingaccounting.org/asc/944/40/#944-40-45-4)). #### Universal Life-Type Contracts ##### [605-944-35-2](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:a982dcff919a2bd2d33b25917d9f74289c68a6bd301c4abe91bdd5b785acdb19 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amounts recognized as unearned revenue under paragraph [944-605-25-6](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-6) shall be recognized in income over the period benefited using the same assumptions and factors used to amortize capitalized [acquisition costs](https://asc.understandingaccounting.org/glossary/a/#acquisition-costs "Costs that are related directly to the successful acquisition of new or renewal insurance contracts.") under the [Long-Duration Contracts Subsection](https://asc.understandingaccounting.org/asc/944/30/#35-subsequent-measurement) of Section 944-30-35. ##### [605-944-35-3](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:1b6b2a30c86104e173985e67a612c7883836c80d97f73457dfe7eeb71d7bf5e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ### Reinsurance Contracts #### Foreign Property and Liability Reinsurance—Open Year Method ##### [605-944-35-4](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:92f655171411e421cea5fd6c1749adfbe3b1b3698e238dedf6e3e1dce12c7bc0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [944-605-25-17](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-17) explains that only if reasonable estimates cannot be made currently for the reason discussed in paragraph [944-605-25-18](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-18), shall the [open year method](https://asc.understandingaccounting.org/glossary/o/#open-year-method "A revenue recognition method under which underwriting results of foreign reinsurance are not included in the income statement until sufficient information becomes available to provide reasonable estimates of earned premiums.") be used. ##### [605-944-35-5](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:708cbca0b8f17c45a3febc33328b9356c3fc4b5013f8f32fbdb8498cbb9d752d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Under the open year method, underwriting results of foreign [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") shall not be included in the income statement until sufficient information becomes available to provide reasonable estimates of earned premiums. Instead, premiums, claims, commissions, and related direct taxes shall be included in the open underwriting balance to which they pertain. The underwriting balances shall be aggregated and each underwriting balance shall be kept open until sufficient information becomes available to record a reasonable estimate of earned premiums. ##### [605-944-35-6](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:11ddea3578bf55476812117d52fa55ca7cec8db7c67d6e73f551ed19afa95f93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The underwriting balance aggregated under the preceding paragraph shall be disaggregated and reported in the income statement as premiums, claims, commissions, and related direct taxes when earned premiums are reasonably determinable. ##### [605-944-35-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:623a983e66fa7f5d5730c034c37d2144cb6d0caffe705cb5f19aa7b674b63387 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If it becomes [probable](https://asc.understandingaccounting.org/glossary/p/#probable "The future event or events are likely to occur.") that a loss has been incurred before an underwriting balance is closed, a provision for the loss shall be recorded. Examples of situations in which a provision may need to be recorded before an underwriting balance is closed include catastrophic losses, higher-than-expected [claim](https://asc.understandingaccounting.org/glossary/c/#claim "A demand for payment of a policy benefit because of the occurrence of an insured event.") frequency, significant unanticipated adverse events, or a negative open year account. #### Reinsurance of Short-Duration Contracts ##### [605-944-35-8](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:b3eb0ddb230ec71dc5ce1336b9f523fe26a358adb30c6028fe0c758bb85d1c6a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Prepaid reinsurance premiums](https://asc.understandingaccounting.org/glossary/p/#prepaid-reinsurance-premiums "Amounts paid to the reinsurer relating to the unexpired portion of reinsured contracts.") recognized under paragraph [944-605-25-20](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-20) shall be amortized over the remaining [contract period](https://asc.understandingaccounting.org/glossary/c/#contract-period "The period over which insured events that occur are covered by insurance or reinsurance contracts. Commonly referred to as the coverage period or period that the contracts are in force.") in proportion to the amount of insurance protection provided. If the amounts paid are subject to adjustment and can be reasonably estimated, the basis for amortization shall be the estimated ultimate amount to be paid. ##### [605-944-35-9](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:fb63c1aaa04bb66a4630b3188d35766bd447084241ef4c9d307e4ac068783db3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Any gain deferred under paragraph [944-605-25-22](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-22) shall be amortized over the estimated remaining [settlement period](https://asc.understandingaccounting.org/glossary/s/#settlement-period "The estimated period over which a ceding entity expects to recover substantially all amounts due from the reinsurer under the terms of the reinsurance contract."). If the amounts and timing of the reinsurance recoveries can be reasonably estimated, the deferred gain shall be amortized using the effective interest rate inherent in the amount paid to the [reinsurer](https://asc.understandingaccounting.org/glossary/r/#reinsurer "The assuming entity in a reinsurance transaction.") and the estimated timing and amounts of recoveries from the reinsurer; that is, the interest method. Otherwise, the proportion of actual recoveries to total estimated recoveries (the recovery method) shall determine the amount of amortization. ##### [605-944-35-10](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:8531606c224b4b89c26ae75539ce73ee0b7bc3bfe9e1a06f73b772ac97e4f84a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amortization of deferred amounts arising from [retroactive reinsurance](https://asc.understandingaccounting.org/glossary/r/#retroactive-reinsurance "Reinsurance in which an assuming entity agrees to reimburse a ceding entity for liabilities incurred as a result of past insurable events covered under contracts subject to the reinsurance. A reinsurance contract may include both prospective and retroactive reinsurance provisions.") under both the interest method and the recovery method is based on the ceding entity's estimates of the expected timing and total amount of cash flows. The timing of changes in those estimates shall not alter the recognition of the revenues and costs of reinsurance. Therefore, changes in estimates of the amount recoverable from the reinsurer shall be accounted for consistently both at the inception of and after the reinsurance transaction. ##### [605-944-35-11](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:59729484b4ff550e5d8a561ea80c3ce3041546f192918b405af5314796db488c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Changes in the estimated amount of the liabilities relating to the underlying reinsured contracts shall be recognized in earnings in the period of the change. ##### [605-944-35-12](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:c793cd7ffe57fdbf62109dc89f9d18980441ca9e150ee20c110634ce502e1d6a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Reinsurance recoverables](https://asc.understandingaccounting.org/glossary/r/#reinsurance-recoverable "All amounts recoverable from reinsurers for paid and unpaid claims and claim settlement expenses, including estimated amounts receivable for unsettled claims, claims incurred but not reported, or policy benefits.") shall reflect the related change in the amount recoverable from the reinsurer, and a gain to be deferred and amortized, as described in paragraph [944-605-25-22](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-22), shall be adjusted or established as a result. Decreases in the estimated amount of the liabilities shall reduce the related amount recoverable from the reinsurer and accordingly reduce previously deferred gains. ##### [605-944-35-13](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:b2165142a7a7f8279774c6f6f7dc1939b38b63569dffaf401e757b5ca20a34fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When changes in the estimated amount recoverable from the reinsurer or in the timing of receipts related to that amount occur, a cumulative amortization adjustment shall be recognized in earnings in the period of the change so that the deferred gain reflects the balance that would have existed had the revised estimate been available at the inception of the reinsurance transaction. However, if the revised estimate of the liabilities is less than the amounts paid to the reinsurer, a loss shall not be deferred. The resulting difference shall be recognized in earnings immediately, as described in paragraph [944-605-25-23](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-23). #### Reinsurance of Long-Duration Contracts ##### [605-944-35-14](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:ce35b8de578645e187f244d80bcbdca38e92c5c25ae695e3ff05b82522ec9a8b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amortization of the estimated cost of reinsurance of long-duration contracts that meets the conditions for reinsurance accounting depends on whether the reinsurance contract is long-duration or short-duration. The cost shall be amortized over the remaining life of the underlying reinsured contracts if the reinsurance contract is long-duration, or over the contract period of the reinsurance if the reinsurance contract is short-duration. ##### [605-944-35-15](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:0e5b6060ec70f78d4eaa0bd2dacee05a9a2db2eea7cbd9b8dcdf4d15c3a8fb5f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The assumptions used in accounting for reinsurance costs shall be consistent with those used for the reinsured contracts. ### Financial Guarantee Insurance Contracts ##### [605-944-35-16](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:33.589Z to 2026-09-10T00:49:33.589Z Record version: sha256:a0171d151a48d405c676ea3130f0fa8f0077fa9b38ee970b7a4985ad7e047249 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In instances where a contract period is used as the period of the financial guarantee insurance contract to measure the unearned premium revenue an insurance entity shall adjust the unearned premium revenue to reflect early principal payments as they occur. The adjustment to the unearned premium revenue shall equal the adjustment to the premium receivable. Source downloaded (UTC): 2026-09-10T00:49:36.452Z to 2026-09-10T00:49:36.452Z Record version: sha256:8640e36eb338cf93eaea0598681a02764c6efb80d5c699b1332cd46d95474a28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/944/#45-other-presentation-matters) SEC content: no ### Reinsurance Contracts #### All Reinsurance Contracts ##### [605-944-45-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:36.452Z to 2026-09-10T00:49:36.452Z Record version: sha256:c26f57f8f8b15abbb9a5d5af38fc3d3bda57f99040de929d8b42319c4045ae3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The amounts of earned premiums ceded and recoveries recognized under [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") contracts shall either be: 1. a Reported in the statement of earnings, as separate line items or parenthetically 2. b Disclosed in the notes to financial statements under paragraph [944-605-50-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-50-1). Source downloaded (UTC): 2026-09-10T00:49:39.778Z to 2026-09-10T00:49:39.778Z Record version: sha256:4d5ac361fc8f2b65e79635a8dd8469ae0ce6d1a6ae6864ab3771a60388dc815b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/944/#50-disclosure) SEC content: no ### Reinsurance Contracts #### All Reinsurance Contracts ##### [605-944-50-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:39.778Z to 2026-09-10T00:49:39.778Z Record version: sha256:9b4ef8d61df509a5b4a509081d6294fd02837795c5a080fd4c435197b72ff85b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. All insurance entities shall disclose all of the following in their financial statements: 1. a For all [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") contracts, both of the following: 1. 1 Methods used for income recognition on reinsurance contracts 2. 2 If not reported under paragraph [944-605-45-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-45-1) in the statement of earnings, as separate line items or parenthetically, the amounts of earned premiums ceded and recoveries recognized under reinsurance contracts. 2. b For short-duration contracts, all of the following on both a written basis and an earned basis: 1. 1 Premiums from direct business 2. 2 Reinsurance assumed 3. 3 Reinsurance ceded. 3. c For long-duration contracts, all of the following: 1. 1 Premiums and amounts assessed against policyholders from direct business 2. 2 Reinsurance assumed and ceded 3. 3 Premiums and amounts earned. 4. d For foreign reinsurance accounted for by the [open year method](https://asc.understandingaccounting.org/glossary/o/#open-year-method "A revenue recognition method under which underwriting results of foreign reinsurance are not included in the income statement until sufficient information becomes available to provide reasonable estimates of earned premiums."), all of the following shall be disclosed for each period for which an income statement is presented: 1. 1 The amounts of premiums, claims, and expenses recognized as income on closing underwriting balances 2. 2 The additions to underwriting balances for the year for reported premiums, claims, and expenses. 5. e The amounts of premiums, claims, and expenses in the underwriting account for each balance sheet presented. ##### [605-944-50-2](https://asc.understandingaccounting.org/asc/605/944/#605-944-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:39.778Z to 2026-09-10T00:49:39.778Z Record version: sha256:0071ee962ea9cee160d3c192ef213a615018727c2cbdafe7412d95243bedb947 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Appropriate disclosure of both of the following items is encouraged: 1. a The extent to which reinsurance contracts indemnify the [ceding entity](https://asc.understandingaccounting.org/glossary/c/#ceding-entity "The party that pays a reinsurance premium in a reinsurance transaction. The ceding entity receives the right to reimbursement from the assuming entity under the terms of the reinsurance contract.") against loss or liability relating to [insurance risk](https://asc.understandingaccounting.org/glossary/i/#insurance-risk "The risk arising from uncertainties about both underwriting risk and timing risk. Actual or imputed investment returns are not an element of insurance risk. Insurance risk is fortuitous; the possibility of adverse events occurring is outside the control of the insured.") 2. b Indemnification policies as part of the required disclosure in the preceding paragraph about the nature and effect of reinsurance transactions. ##### [605-944-50-3](https://asc.understandingaccounting.org/asc/605/944/#605-944-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:39.778Z to 2026-09-10T00:49:39.778Z Record version: sha256:2fcddba75365d7b74f09443cfccf8d63ac5df2cbc1282723418d3d2791b4cddb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Disclosure in the financial statements of an insurance entity's accounting policies under Topic 250 shall include a description of the methods used to account for foreign reinsurance. ### Financial Guarantee Insurance Contracts ##### [605-944-50-4](https://asc.understandingaccounting.org/asc/605/944/#605-944-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:39.778Z to 2026-09-10T00:49:39.778Z Record version: sha256:068e1aa2fbe6871b99336f9881acdf06aa4d7a0d3f9659493d1b39335495c932 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To meet the disclosure objective in paragraph [944-20-50-7](https://asc.understandingaccounting.org/asc/944/20/#944-20-50-7), an insurance entity shall disclose all of the following information for each annual period and interim period: 1. a For premium revenue recognition that has been accelerated, the amount and reasons for acceleration 2. b A schedule of the future expected premium revenue as of the latest date of the statement of financial position detailing both of the following: 1. 1 The four quarters of the subsequent annual period and each of the next four annual periods 2. 2 The remaining periods aggregated in five-year increments. Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:ff651245d2e9066870dedd533e4f755b2afa5703f2324ea30d49286a8e4fd2ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-944-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/944/#55-implementation-guidance-and-illustrations) SEC content: no ### Reinsurance Contracts #### Implementation Guidance ##### [605-944-55-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:dbbacc18befcc0ec44a0b835c3ecb24d2ea807cc432aa58929545f9e27b878e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") contract provides the ceding entity's policyholders and claimants with the right to recover their claims directly from the [reinsurer](https://asc.understandingaccounting.org/glossary/r/#reinsurer "The assuming entity in a reinsurance transaction.") (a cut-through provision), the [ceding entity](https://asc.understandingaccounting.org/glossary/c/#ceding-entity "The party that pays a reinsurance premium in a reinsurance transaction. The ceding entity receives the right to reimbursement from the assuming entity under the terms of the reinsurance contract.") shall not net the recoverable due from the reinsurer against the gross loss obligations on the underlying insurance contracts. As stated in paragraphs [944-20-40-3 through 40-4](https://asc.understandingaccounting.org/asc/944/20/#944-20-40-3) , reinsurance contracts in which a ceding entity is not relieved of its legal liability to its policyholder do not result in removal of the related assets and liabilities from the ceding entity's financial statements. Amounts recoverable and payable between the ceding entity and a reinsurer may be offset only if a right of setoff exists, as defined in Subtopic 210-20. ##### [605-944-55-2](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:96bfb9b0149d6a16601733d47b37c9dde45ba7d5cd892318a474b90910237586 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Similarly, if the circumstances discussed in the preceding paragraph involved [retroactive reinsurance](https://asc.understandingaccounting.org/glossary/r/#retroactive-reinsurance "Reinsurance in which an assuming entity agrees to reimburse a ceding entity for liabilities incurred as a result of past insurable events covered under contracts subject to the reinsurance. A reinsurance contract may include both prospective and retroactive reinsurance provisions.") of short-duration insurance policies that resulted in a gain to the ceding entity, the gain shall not be recognized in income immediately. Paragraph [944-40-25-33](https://asc.understandingaccounting.org/asc/944/40/#944-40-25-33) states that reinsurance contracts do not result in immediate recognition of gains unless the reinsurance contract is a legal replacement of one insurer by another and thereby extinguishes the ceding entity's liability to the policyholder. ##### [605-944-55-3](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:8dd3f790057840ef9c4ce7b4dd49e9ab7ab739b31845a75e2e94f89d28e0092a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Under the definition of [settlement period](https://asc.understandingaccounting.org/glossary/s/#settlement-period "The estimated period over which a ceding entity expects to recover substantially all amounts due from the reinsurer under the terms of the reinsurance contract."), if the ceding entity does not expect to receive any recoveries because the reinsurer has agreed to reimburse claimants under the reinsured contracts directly, the settlement period shall not be considered to have ended on the effective date of the contract. Unless the reinsurance contract results in legal replacement of one reinsurer by another, a gain shall not be recognized at the inception of the contract. In the circumstances discussed in paragraph [944-605-55-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-1) the reinsurer is substantively acting as disbursing agent for the ceding entity. Therefore, the ceding entity cannot be said to have recovered amounts due from the reinsurer before payment is made to the claimant. ##### [605-944-55-4](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:727dba4d8210605e6c960936dea06825ea295fcdc415b917d01042ea8dce61f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This implementation guidance addresses circumstances in which a ceding entity enters into a retroactive contract to reinsure short-duration insurance policies that gives rise to a deferred gain. Specifically, it addresses whether, if the reinsurer prepays its obligation under the contract, the ceding entity may recognize its deferred gain at the time the prepayment is received. ##### [605-944-55-5](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:7c9971ab6690b066ac9c4471dfcc72cb8c3110b4c80553acb90825a8b3d0ee06 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The amortization period (the settlement period) is based on the period over which the reinsurer settles its obligations to the ceding entity, and it may be appropriate to recognize the gain over the expected prepayment period. However, all of the facts and circumstances shall be considered to determine whether the reinsurer has substantively settled its obligation to the ceding entity. For example, if the ceding entity agrees to compensate the reinsurer for the prepayment, such as by crediting the reinsurer with investment income on prepaid amounts or balances held, the reinsurer has not, in substance, settled its obligation but rather has made a deposit with the ceding entity that shall be accounted for accordingly. #### Illustrations ##### [605-944-55-6](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:f1f6c81beb3d41485e02af09ed17920b7fff98c5b6cbc4be029c2ba8954190f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following Cases illustrate how the requirement in paragraphs [944-605-25-22 through 25-23](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-22) that gains arising from retroactive reinsurance be deferred and losses be charged to expense immediately is affected by the requirements in paragraphs [944-605-35-11 through 35-13](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-11) for a catch-up adjustment to reflect changes in estimates of amounts recoverable from reinsurers: 1. a Adverse development occurs (Case A) 2. b Favorable development occurs (Case B). ##### [605-944-55-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:8663d6370ef55ef720a013b432f85c4958ad816511434bb98a56d4df1a5ea180 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Cases A and B share all of the following assumptions: 1. a Entity A pays $100 of premium in 1993 for $150 limit of retroactive reinsurance. 2. b Entity A has recorded related liabilities of $110. 3. c There is a 5-year settlement period. 4. d At inception, Entity A recorded a reinsurance recoverable of $110 and a deferred gain of $10. ##### [605-944-55-8](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:e7a7c7152600f1d7b9bd54908ea415f5f1496a2576d42e652d9fc0bdaa535729 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an adverse development of $30 occurred in the first year, paragraphs [944-605-35-11 through 35-13](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-11) require an adjustment to bring the balance of the deferred gain to the balance that would have existed had the revised estimate been available at inception, less cumulative amortization. The balance that would have existed at inception is $40 ($140 reserves less $100 premium) and cumulative amortization to date is $8 ($40/5 years). Therefore, a net $32 deferred gain balance is required. Entity A would defer $30 of additional gain ($40 less the $10 already recorded) and credit income for $8 amortization. Straight-line amortization is used for simplicity of illustration rather than the interest method or recovery method as required by paragraph [944-605-35-9](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-9). ##### [605-944-55-9](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:7e8ba19e02f4c9d8272584805f000a6bb19d1b136d2d1cdfc7b4caf346865a32 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a favorable development of $15 occurred in the first year, the amount of ceded premiums ($100) would exceed the related revised liabilities ($95). Paragraphs [944-605-35-11 through 35-13](https://asc.understandingaccounting.org/asc/605/944/#605-944-35-11) state that decreases in the estimated amount of the liabilities reduce the related amount recoverable and reduce previously deferred gains. Further, if the revised estimate of the liabilities is less than the amounts paid to the reinsurer, the difference shall be charged to earnings. Entity A would therefore reduce the reinsurance recoverable by $15, reduce the $10 deferred gain to zero, and charge $5 to earnings. ##### [605-944-55-10](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:c4b26c86eebc3c244bcb0c5625dcbba34c04ee6457229751efa22c1916399aaf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the requirements in the Reinsurance Contracts Subsections of this Subtopic to a property-casualty insurance entity (Property-Casualty Insurance Entity) that issues short-duration contracts. ##### [605-944-55-11](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:536600d158c8e8169d18dcf132c18deacc12d4af7d00dc218a3cdeee19381517 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Property-Casualty Insurance Entity's statement of financial position follows. - ![](https://asc.understandingaccounting.org/asc-img/GUID-53703E17-A6A9-48A4-88A2-9B47DCEA0275-low.gif) Property-Casualty Insurance Entity Statement of Financial Position (in millions) Gross Assets: Investments " $8,500 " Cash 20 Reinsurance recoverables (a) " 1,400 " Receivables " 1,900 " Deferred policy acquisition costs 300 Prepaid reinsurance premiums (b) 250 Other assets " 1,400 " Total assets " $13,770 " Liabilities and equity: Liabilities for claims and claim settlement expenses " $7,600 " Unearned premiums " 1,700 " Other liabilities " 2,300 " Equity " 2,170 " Total liabilities and equity " $13,770 " Property-Casualty Insurance Entity Statement of Earnings (in millions) Gross Revenues: Premiums earned " $3,350 " Premiums ceded (c) (450) Net premiums earned " 2,900 " Net investment income " 1,700 " Other revenues 400 Total revenues " 5,000 " Expenses: Claims and claim settlement expenses " 2,200 " Reinsurance recoveries (c) (300) Net claims and claim settlement expenses " 1,900 " Policy acquisition costs " 1,450 " Other expenses " 1,150 " Total expenses " 4,500 " Earnings before tax $500 $500 1. a The Reinsurance Contracts Subsections of this Subtopic require that estimated amounts recoverable from reinsurers include amounts related to paid and unpaid claims and claims incurred but not reported. Details of the amounts comprising reinsurance recoverables may be presented separately. 2. b [Prepaid reinsurance premiums](https://asc.understandingaccounting.org/glossary/p/#prepaid-reinsurance-premiums "Amounts paid to the reinsurer relating to the unexpired portion of reinsured contracts.") include amounts paid to reinsurers relating to the unexpired portion of reinsured policies, often referred to as ceded unearned premiums. 3. c Alternatively, the effect of reinsurance on premiums earned and [claim](https://asc.understandingaccounting.org/glossary/c/#claim "A demand for payment of a policy benefit because of the occurrence of an insured event.") costs may be shown parenthetically or may be disclosed. An illustration of a parenthetical presentation follows. - ![](https://asc.understandingaccounting.org/asc-img/GUID-06D5B046-120F-441A-963B-838E9F3E7791-low.gif) Premiums earned (net of premiums ceded totaling $450) " $2,900 " Claims and claim settlement expenses (net of reinsurance recoveries totaling $300) " $1,900 " ##### [605-944-55-12](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:61fa84c012c09ff47c3f6c0986e319ca1ba2d214e2465c606781b3fa472403d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Property-Casualty Insurance Entity's related notes to financial statements follow. - Property-Casualty Insurance Entity— Notes to Financial Statements - Summary of Significant Accounting Policies - In the normal course of business, the Entity seeks to reduce the loss that may arise from catastrophes or other events that cause unfavorable underwriting results by reinsuring certain levels of risk in various areas of exposure with other insurance entities or reinsurers. - Amounts recoverable from reinsurers are estimated in a manner consistent with the claim liability associated with the reinsured policy. The amount by which the liabilities associated with the reinsured policies exceed the amounts paid for retroactive reinsurance contracts is amortized in income over the estimated remaining settlement period using the interest method. The effects of subsequent changes in estimated or actual cash flows are accounted for by adjusting the previously deferred amount to the balance that would have existed had the revised estimate been available at the inception of the reinsurance transactions, with a corresponding charge or credit to income. - Reinsurance - Reinsurance contracts do not relieve the Entity from its obligations to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Entity; consequently, allowances are established for amounts deemed uncollectible. The Entity evaluates the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. At December 31, 19X3, reinsurance recoverables with a carrying value of $260 million and prepaid reinsurance premiums of $45 million were associated with a single reinsurer. The Entity holds collateral under related reinsurance agreements in the form of letters of credit totaling $150 million that can be drawn on for amounts that remain unpaid for more than 120 days. - The effect of reinsurance on premiums written and earned is as follows (in millions). - ![](https://asc.understandingaccounting.org/asc-img/GUID-07E63250-7E72-403C-84C4-FB33FF7292DE-low.gif) Written Earned Direct " $2,880 " " $2,730 " Assumed 630 620 Ceded (470) (450) Net premiums " $3,040 " " $2,900 " ##### [605-944-55-13](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:22a30e548ef14a29214bdd2d01a16cc359d90f2f1c2356e014eba426e1008328 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the requirements in the Reinsurance Contracts Subsections of this Subtopic to a [life insurance entity](https://asc.understandingaccounting.org/glossary/l/#life-insurance-entity "An entity that can issue annuity, endowment, and accident and health insurance contracts as well as life insurance contracts. Life insurance entities may be either stock or mutual entities.") (Life Insurance Entity) that issues long-duration contracts. ##### [605-944-55-14](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:ced874c07f9b7ab4bfc89f5faeedcb3321fceea0ef5c406dc9e0697d57c07098 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Life Insurance Entity's statement of financial position follows. - ![](https://asc.understandingaccounting.org/asc-img/GUID-999EA1A0-73DC-4452-BB9E-D0D632C73C1E-low.gif) Life Insurance Entity Statement of Financial Position (in millions) Gross Assets: Investments " $13,100 " Cash 20 Receivables: Reinsurance (a) " 1,400 " Other " 1,900 " Deferred policy acquisition costs 300 Other assets " 1,400 " Total assets " $18,120 " Liabilities and equity: Liability for policy benefits " $7,200 " Policyholders' contract deposits " 5,000 " Other liabilities " 3,750 " Equity " 2,170 " Total liabilities and equity " $18,120 " Life Insurance Entity Statement of Earnings (in millions) Gross Revenues: Premiums and policyholder fees earned " $3,350 " Premiums ceded (b) (450) Net premiums and policyholder fees earned " 2,900 " Net investment income " 1,700 " Other revenues 400 Total revenues " 5,000 " Expenses: Policyholder benefits " 2,200 " Reinsurance recoveries (b) (300) Net policyholder benefits " 1,900 " Amortization of deferred policy acquisition costs 950 Other expenses " 1,650 " Total expenses " 4,500 " Earnings before tax $500 1. a The Reinsurance Contracts Subsections of this Subtopic require that estimated amounts recoverable from reinsurers include amounts related to paid and unpaid benefits, including amounts related to liabilities recognized for future policy benefits. Details of the amounts comprising reinsurance recoverables may be presented separately. 2. b Alternatively, the effect of reinsurance on premiums earned and benefit costs may be shown parenthetically or may be disclosed. An illustration of a parenthetical presentation follows. - ![](https://asc.understandingaccounting.org/asc-img/GUID-F11712C8-4A58-4ACE-924F-13CBD38F90A3-low.gif) Premiums and policyholder fees earned (net of premiums ceded totaling $450) " $2,900 " Benefits (net of reinsurance recoveries totaling $300) " $1,900 " ##### [605-944-55-15](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:73f671cad8c2a94340d9da548ac7bf843a35502aed88f7c2eee8e41fca823886 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Life Insurance Entity's related notes to financial statements follow. - Life Insurance Entity—Notes to Financial Statements - Summary of Significant Accounting Policies - In the normal course of business, the Entity seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding reinsurance to other insurance entities or reinsurers under excess [coverage](https://asc.understandingaccounting.org/glossary/c/#coverage "An insurance entity's exposure to loss. The concept of coverage would typically include policy limits, deductible, insured, and covered property or insured event.") and coinsurance contracts. The Entity retains a maximum of $500,000 of coverage per individual life. - Amounts paid or deemed to have been paid for reinsurance contracts are recorded as reinsurance recoverables. The cost of reinsurance related to long-duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies. - Reinsurance - Reinsurance contracts do not relieve the Entity from its obligations to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Entity; consequently, allowances are established for amounts deemed uncollectible. The Entity evaluates the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. At December 31, 19X3, reinsurance recoverables with a carrying value of $260 million were associated with a single reinsurer. The Entity holds collateral under related reinsurance agreements in the form of letters of credit totaling $150 million that can be drawn on for amounts that remain unpaid for more than 120 days. - The effect of reinsurance on premiums and amounts earned is as follows (in millions). - ![](https://asc.understandingaccounting.org/asc-img/GUID-12A2786E-583B-430E-AECF-EB328F169B0D-low.gif) Direct premiums and amounts assessed against policyholders " $2,730 " Reinsurance assumed 620 Reinsurance ceded (450) Net premiums and amounts earned " $2,900 " ### Financial Guarantee Insurance Contracts ##### [605-944-55-16](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:095841fb91d475607319389c7067bf44170d5abe90b81fe1f8c63014f2a70851 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This example illustrates the application of paragraph [944-605-30-7](https://asc.understandingaccounting.org/asc/605/944/#605-944-30-7), which states that if the premiums are received as payments over the period of the financial guarantee insurance contract, the insurance entity shall initially measure the unearned premium revenue at an amount equal to the present value of the premiums due or expected to be collected over the period of the financial guarantee insurance contract. For example, if the insurance entity expects to receive total premiums due over the period of the financial guarantee insurance contract of $28 million and the present value of that amount is $24.3 million, both the unearned premium revenue and the premium receivable initially shall be recognized at $24.3 million. ##### [605-944-55-17](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:08100e9a90aad27721a49f18b71a03efe53937a328bf695b70e8a1ece0673ce3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of paragraphs [944-605-25-27 through 25-28](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-27) to insured principal payments made over the period of a contract. On January 1, 20X0, an insurance entity issues a single-premium financial guarantee insurance contract for a financial obligation (municipal bond) with a contract period of 10 years. The premium amount is $5 million. Insured principal payments of $100 million will be made by the issuer of the bond over the period of the contract. The contractual schedule of expected insured principal payments follows. - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-A0CFA450-6C69-437B-A646-0568BF54C4A1-low.gif) Year "Insured Principal Amounts Outstanding (a)" "Principal Payments" "Premium Revenue Recognized" "Unearned Premium Revenue" " $5,000,000 " 1 " $100,000,000 " " $5,000,000 " " $877,193 " " 4,122,807 " 2 " 95,000,000 " " 5,000,000 " " 833,333 " " 3,289,474 " 3 " 90,000,000 " " 10,000,000 " " 789,474 " " 2,500,000 " 4 " 80,000,000 " " 10,000,000 " " 701,754 " " 1,798,246 " 5 " 70,000,000 " " 15,000,000 " " 614,035 " " 1,184,211 " 6 " 55,000,000 " " 15,000,000 " " 482,456 " " 701,755 " 7 " 40,000,000 " " 15,000,000 " " 350,877 " " 350,878 " 8 " 25,000,000 " " 15,000,000 " " 219,298 " " 131,580 " 9 " 10,000,000 " " 5,000,000 " " 87,719 " " 43,861 " 10 " 5,000,000 " " 5,000,000 " " 43,861 " - Total " $570,000,000 " " $100,000,000 " " $5,000,000 " (a) Insured Principal Amounts Outstanding represents beginning-of-the-year balances. ##### [605-944-55-18](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:f684e552a98fab460eb4f143f2681b5baa95f6e8ac18ca31fb96b259c9050070 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The ratio of the premium to the sum of all contractual insured principal amounts outstanding during each reporting period (the constant rate) is 0.00877193 (calculated as $5 million divided by $570 million). Accordingly, the insurance entity would recognize $877,193 of premium revenue (calculated as $100 million of insured principal amount outstanding multiplied by 0.00877193) in the first year of the contract. In the second year of the contract, the insurance entity would recognize $833,333 (calculated as $95 million multiplied by 0.00877193) of premium revenue. Thus, premium revenue is recognized based on the insurance protection being provided (represented by the constant rate and the insured principal amounts outstanding). ##### [605-944-55-19](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:7c085ecca4b5fc6560b9b89c48b482da4e45b3922be48501755855cc2c91dc11 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Example illustrates the application of paragraph [944-605-25-29](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-29) to an insured principal payment made at the end of period of a contract. Assume all of the following: 1. a On January 1, 200X, an insurance entity issues a single-premium financial guarantee insurance contract for a financial obligation (a zero-coupon municipal bond). 2. b The insured financial obligation was issued at $61.4 million, resulting in an effective yield of 5 percent. 3. c The premium amount is $5 million. 4. d The insured principal payment of $100 million will be made by the issuer of the bond in total at the end of the 10-year period of the contract. ##### [605-944-55-20](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:e645d24160375b839a87e5c6ce49cbd37f3510acb7acda4cdc6af2ef51483e74 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In this Example, the insured accreted principal amount outstanding represents the obligation of the insurance entity. The schedule of the insured accreted principal amounts outstanding during each reporting period follows. - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-8C4DD2BF-49A5-4F1C-8CA3-1B9CA4EE87D7-low.gif) Year "Insured Accreted Principal Amounts Outstanding (a)" "Principal Payments" "Premium Revenue Recognized" "Unearned Premium Revenue" " $5,000,000 " 1 " $61,400,000 " - " $397,514 " " 4,602,486 " 2 " 64,500,000 " - " 417,584 " " 4,184,902 " 3 " 67,700,000 " - " 438,301 " " 3,746,601 " 4 " 71,100,000 " - " 460,313 " " 3,286,288 " 5 " 74,600,000 " - " 482,973 " " 2,803,315 " 6 " 78,400,000 " - " 507,575 " " 2,295,740 " 7 " 82,300,000 " - " 532,824 " " 1,762,916 " 8 " 86,400,000 " - " 559,368 " " 1,203,548 " 9 " 90,700,000 " - " 587,207 " " 616,341 " 10 " 95,200,000 " " $100,000,000 " " 616,341 " - Total " $772,300,000 " " $100,000,000 " " $5,000,000 " (a) Insured Accreted Principal Amounts Outstanding represents beginning-of-the-year balances and is calculated based on the effective yield of the insured financial obligation. ##### [605-944-55-21](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:d781d0f454abc743e617827c5ae9a1652173d6296dcc869642e80080a632d482 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The ratio of the premium to the sum of the insured accreted principal amounts outstanding (the constant rate) is 0.006474168 (calculated as $5 million divided by $772.3 million). Accordingly, the insurance entity would recognize $397,514 of premium revenue (calculated as $61.4 million of insured accreted principal amount outstanding multiplied by 0.006474168) in the first year of the contract. In accordance with the Financial Guarantee Insurance Contracts Subsection of Section 944-605-25, premium revenue is recognized based on the insurance protection being provided (represented by the constant rate and the insured accreted principal amount outstanding). ##### [605-944-55-22](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:039ca68f3605ba77370e963113182ec16a1bbd705472d5dedd75585ea3cab8a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of paragraphs [944-605-25-32 through 25-33](https://asc.understandingaccounting.org/asc/605/944/#605-944-25-32) to the early retirement and replacement of an insured financial obligation if the same insurance entity insured the new financial obligation. This Example makes all of the following assumptions: 1. a On January 1, 20X0, an insurance entity issues a nonrefundable, single premium financial guarantee insurance contract for a 30-year financial obligation (municipal bond). 2. b The premium amount is $5 million. 3. c On the municipal bond's 10th anniversary, the issuer of the insured financial obligation retires the municipal bond. 4. d Premium recognized by the insurance entity for the financial guarantee insurance contract over the first 10 years was $2 million. ##### [605-944-55-23](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:b8161a22fe398c873c61b71b3fc6039d35d9e3c5b1795358b85c25acfad3329f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. At early retirement on the 10th anniversary, the insurance entity would recognize as premium revenue the remaining unearned premium revenue ($3 million) because the risk to the insurance entity is extinguished. In addition, any remaining associated deferred acquisition costs are expensed. ##### [605-944-55-24](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:dd480c35b75e14671d4f1c68216d36362470368072671f15c0615f73bf395b14 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example makes all of the following further assumptions: 1. a The issuer of the financial obligation facilitated the early retirement of the municipal bond by issuing a new municipal bond at a lower interest rate. 2. b The same insurance entity insures the new municipal bond. 3. c The premium amount for the financial guarantee insurance contract for the new financial obligation is $3 million. 4. d The amount of premium charged to insure a similar financial obligation in a separate standalone transaction is $4 million. ##### [605-944-55-25](https://asc.understandingaccounting.org/asc/605/944/#605-944-55-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:43.753Z to 2026-09-10T00:49:43.753Z Record version: sha256:4bebf92761fd85491a849a1a04bd6e9ee9ab49ac69e63f832640605d491a74cc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The insurance entity would recognize unearned premium revenue of $4 million. It also would recognize a debit to earnings in the amount of $1 million. This represents the difference between the amount of premium charged ($3 million) and the amount of premium that would be charged for a similar financial obligation in a separate standalone transaction. Source downloaded (UTC): 2026-09-10T00:49:48.732Z to 2026-09-10T00:50:00.714Z Record version: sha256:a768e40b2b75d4d2c63daf5495bd0251d02d2bc294b77d082999e172c38cb862 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-946: Revenue Recognition — Financial Services—Investment Companies ### Machine-generated study aids ```json { "summary": "ASC 605-946 was the legacy revenue recognition guidance for investment company activities (notably investment advisers' incentive/performance-based fee arrangements) under the superseded Topic 605 model. Every paragraph in Sections 05, 15, 25, and 50 was superseded by ASU 2014-09 (Revenue from Contracts with Customers). The subtopic now contains no operative guidance; revenue from such contracts is accounted for under ASC 606 (with related costs under ASC 340-40).", "key_points": [ "All paragraphs of this subtopic (605-946-05-1 through 05-11, 15-1 through 15-2, 25-1 through 25-8, and 50-1) were superseded by Accounting Standards Update No. 2014-09.", "Because the subtopic is fully superseded, it provides no recognition, scope, or disclosure requirements that an entity may currently apply.", "Investment advisers and investment companies that previously looked to 605-946 for incentive-based or performance-based fee revenue now apply the five-step model in ASC 606, including the constraint on variable consideration in 606-10-32-11 through 32-13.", "ASC 606-10-55-65 (the sales- or usage-based royalty exception) and the variable consideration constraint drive when performance/incentive fees may be recognized, replacing the legacy 'Method 1/Method 2' approaches formerly discussed here.", "Superseded guidance may remain relevant only for understanding comparative periods presented before adoption of ASU 2014-09 under the transition provisions in 606-10-65-1." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "The only thing to know here is that this subtopic is entirely dead letter — citing it as live GAAP is the classic mistake; incentive and performance fees earned by investment advisers are now measured under ASC 606's variable consideration constraint.", "related_topics": [ "606", "606-10", "340-40", "946", "946-605", "605" ], "key_concepts": [ "superseded guidance", "incentive-based management fees", "performance fees", "investment company revenue", "variable consideration constraint", "investment adviser" ] } ``` Source downloaded (UTC): 2026-09-10T00:49:48.732Z to 2026-09-10T00:49:48.732Z Record version: sha256:11e8b651ce182c71b88e9c4d89a69fd9909b3b020188faf88def8665d1f79811 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-946-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/946/#00-status) SEC content: no ##### [605-946-00-1](https://asc.understandingaccounting.org/asc/605/946/#605-946-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:48.732Z to 2026-09-10T00:49:48.732Z Record version: sha256:2e0de475eebd44498792d17791e17ddb91e3978abe9af92ddae81843f3120ad7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
12b-1SupersededAccounting Standards Update No. 2014-0905/28/2014
B SharesSupersededAccounting Standards Update No. 2014-0905/28/2014
Closed-End FundsSupersededAccounting Standards Update No. 2014-0905/28/2014
Contingent-Deferred Sales LoadSupersededAccounting Standards Update No. 2014-0905/28/2014
DistributorSupersededAccounting Standards Update No. 2014-0905/28/2014
Front-End LoadSupersededAccounting Standards Update No. 2014-0905/28/2014
Front-End LoadAddedAccounting Standards Update No. 2014-0603/14/2014
Front-End Sales FeeSupersededAccounting Standards Update No. 2014-0603/14/2014
Offering CostsSupersededAccounting Standards Update No. 2014-0905/28/2014
946-605-05-1 through 05-11
SupersededAccounting Standards Update No. 2014-0905/28/2014
946-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
946-605-15-2SupersededAccounting Standards Update No. 2014-0905/28/2014
946-605-25-1 through 25-8
SupersededAccounting Standards Update No. 2014-0905/28/2014
946-605-25-8AmendedAccounting Standards Update No. 2014-0603/14/2014
946-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:5137c5d7ea245c3c2ba8fc1e57591e4d8b4c243d0adad4f84fac2efadc22b170 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-946-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/946/#05-overview-and-background) SEC content: no ##### [605-946-05-1](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:0e5bf313f1ca3e04a37bedf00ce60bef28b91de40304272c70dcaf131f1d3193 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-2](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:2fd36f4cc52cf4cbb6d1c438f3eeac460a1af850717dc537086751388d9f5e88 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-3](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:a1090e3812522ca4de6c000d70fde693beae0888d60d96b9d3f1d654b4c7fd8f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-4](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:8a7159e722ed2ad390bb229c62ebb11e3be2a8f406d5bf2a959a7b1a7683dd06 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-5](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:11697667e22d9b50936a9579e567447239d90862afede346fa1a48f5782e4d05 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-6](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:65349e004fb02c96291b18dda526a8bf84ee1ba9ec3997a381490873b9b94335 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-7](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:b8254d214a53645edbd53b306607b1829a863b1fb2b48086b6ab30fabe2a4518 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-8](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:9e1811088f1aa5212789d9a697e6ce24914f025ee711c72fa9c8a5d7ce3ce875 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-9](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:bb866c837c7d29eba30ce15e5ce63ffdd0c306d8afca9c1ec9cb8d4b132761ca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-10](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:b8d28fc8633d49efbbdd158ead0b5638cddbd49b984c5bcc11ad93e63cfd92f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-05-11](https://asc.understandingaccounting.org/asc/605/946/#605-946-05-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:52.404Z to 2026-09-10T00:49:52.404Z Record version: sha256:fb524553a4a025f1a553494105c9682a1198653b0bf2de4cd84da334b419cebc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:49:54.999Z to 2026-09-10T00:49:54.999Z Record version: sha256:4f2cfceaccd71706d2bc6dce3b4382478548762d881dd9894f60ec0cef4e8dec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-946-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/946/#15-scope-and-scope-exceptions) SEC content: no ##### [605-946-15-1](https://asc.understandingaccounting.org/asc/605/946/#605-946-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:54.999Z to 2026-09-10T00:49:54.999Z Record version: sha256:001808b9e3517e73dd48f80dee31dbf6e1dfb31b555f0a31713538f996848adc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-15-2](https://asc.understandingaccounting.org/asc/605/946/#605-946-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:54.999Z to 2026-09-10T00:49:54.999Z Record version: sha256:d89fa9d9ddba5b05a3dd4662d654cfdcee942dd7a54e4154de275ef49ae33a45 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:3cef68d5906ec1e3cf8b81a0a26c2d41fa7e573ec4d77c133380915656a8b750 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-946-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/946/#25-recognition) SEC content: no ##### [605-946-25-1](https://asc.understandingaccounting.org/asc/605/946/#605-946-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:52d4be55faa6fc70ca1b192fe995a17319caf18b10723bcf6f2e6272b5152d15 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-25-2](https://asc.understandingaccounting.org/asc/605/946/#605-946-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:50647d9be8df4869eb7cea726b976dbc58a1e7628a5a3fb01695d05d9734c302 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-25-3](https://asc.understandingaccounting.org/asc/605/946/#605-946-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:35513240317180de3df1f758719f2401c58c157e2f1ec81a6deec4cffc853385 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-25-4](https://asc.understandingaccounting.org/asc/605/946/#605-946-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:6aa5a68f41044063f6d1aa560d11a0f6cd5c08c9e3a66f85da533eb3d8289c0a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-25-5](https://asc.understandingaccounting.org/asc/605/946/#605-946-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:0183cc5abd788913df1f26084d94b7304fd3c34b71d03ce32b068939e3c5f630 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-25-6](https://asc.understandingaccounting.org/asc/605/946/#605-946-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:b7224a353c68bd31e9473e7cf623b5a3cccded3d73c5765d2b05a337852f3463 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-25-7](https://asc.understandingaccounting.org/asc/605/946/#605-946-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:0154049e64053c4c54404bf7bc0affae9dfa3dfe9052aa097c376054f8cf52d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-946-25-8](https://asc.understandingaccounting.org/asc/605/946/#605-946-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:49:58.300Z to 2026-09-10T00:49:58.300Z Record version: sha256:3bf5e14cc6b91f73c8438b93d002b4ae35a649190946d8b1c0ee329e07490165 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:00.714Z to 2026-09-10T00:50:00.714Z Record version: sha256:eccc3706013b3bdd8dba5f6e98e04d2ab21a7dade321483082cd3fdc44e7d3a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-946-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/946/#50-disclosure) SEC content: no ##### [605-946-50-1](https://asc.understandingaccounting.org/asc/605/946/#605-946-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:00.714Z to 2026-09-10T00:50:00.714Z Record version: sha256:2d4ff8a9902a062c22a47275c33b1c81931fd63572a2d623b8a625c10a32696c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:04.724Z to 2026-09-10T00:50:11.205Z Record version: sha256:9ef6524d465b0b90aedeacef7f414396bd1b649d57693249adad9f6997a6be0a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-948: Revenue Recognition — Financial Services—Mortgage Banking ### Machine-generated study aids ```json { "summary": "ASC 605-948 formerly provided revenue recognition guidance for mortgage banking activities (notably loan servicing fees and related mortgage banking revenues) under the legacy ASC 605 model. Every paragraph in the subtopic — Sections 05, 15, and 25 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). The subtopic therefore contains no operative guidance today; mortgage banking revenue is addressed under ASC 606 and the specialized guidance retained in ASC 948.", "key_points": [ "All content of this subtopic, including 605-948-05-1, 605-948-15-1, and 605-948-25-1 through 25-3, was superseded by Accounting Standards Update No. 2014-09.", "No recognition, scope, or overview guidance remains operative in ASC 605-948; the shell paragraphs exist only to preserve Codification structure.", "Revenue from contracts with customers in mortgage banking (for example, certain servicing-related fee arrangements) is now evaluated under ASC 606, principally the five-step model in 606-10-05-4.", "Mortgage banking activities that are financial-instrument based — loans held for sale, mortgage servicing rights, and loan origination fees — remain outside ASC 606 and are governed by ASC 948, ASC 860, and ASC 310-20.", "Entities should not apply legacy ASC 605-948 guidance for periods after adoption of ASU 2014-09; it is retained solely for historical reference." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "This subtopic is an empty shell — every paragraph was killed by ASU 2014-09 — so citing it as live authority is the classic mistake. Know that mortgage banking revenue questions now split between ASC 606 (customer-contract fees) and ASC 948/860/310-20 (loans held for sale, servicing rights, origination fees, which ASC 606 explicitly scopes out).", "related_topics": [ "606-10", "948", "860", "310-20", "340-40", "825" ], "key_concepts": [ "superseded guidance", "mortgage banking activities", "loan servicing fees", "revenue from contracts with customers", "transition to asc 606", "financial services industry guidance" ] } ``` Source downloaded (UTC): 2026-09-10T00:50:04.724Z to 2026-09-10T00:50:04.724Z Record version: sha256:d30d8a4b67050d3f481e60ddecd10ca8cf50675c6b410156222a0e6365f77408 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-948-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/948/#00-status) SEC content: no ##### [605-948-00-1](https://asc.understandingaccounting.org/asc/605/948/#605-948-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:04.724Z to 2026-09-10T00:50:04.724Z Record version: sha256:09fa7673758eecbaa193297033faaad44176b4aa08f7a36d425b2eaf1d42700e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Mortgage Banking EntitySupersededAccounting Standards Update No. 2014-0905/28/2014
Permanent InvestorSupersededAccounting Standards Update No. 2014-0905/28/2014
948-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
948-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
948-605-25-1 through 25-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:50:06.873Z to 2026-09-10T00:50:06.873Z Record version: sha256:a9ac09b6d468a5330998357ee2da73ba38242e49ab6058c7a6cfdaca36e78d38 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-948-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/948/#05-overview-and-background) SEC content: no ##### [605-948-05-1](https://asc.understandingaccounting.org/asc/605/948/#605-948-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:06.873Z to 2026-09-10T00:50:06.873Z Record version: sha256:65efd6328b3969a916fd7529cf2cac7d567033db8dfde38e19dd1007948105d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:08.523Z to 2026-09-10T00:50:08.523Z Record version: sha256:a2901af7031b5ac2245db7ee41c1eb779f6497cc39ed38501ffee14a15e2fda1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-948-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/948/#15-scope-and-scope-exceptions) SEC content: no ##### [605-948-15-1](https://asc.understandingaccounting.org/asc/605/948/#605-948-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:08.523Z to 2026-09-10T00:50:08.523Z Record version: sha256:d90eef5f15ddf442ecb59693934db8e1421200049d5898ea95d999f90acb597f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:11.205Z to 2026-09-10T00:50:11.205Z Record version: sha256:7e38baa1f1de858dada6d4d0875c0d1be6adc93a23f701a182440c3c7b08c55a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-948-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/948/#25-recognition) SEC content: no ##### [605-948-25-1](https://asc.understandingaccounting.org/asc/605/948/#605-948-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:11.205Z to 2026-09-10T00:50:11.205Z Record version: sha256:97cb91573e673dc708efa6749eec641d809dc49101fbc4ce31d2894b91136659 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-948-25-2](https://asc.understandingaccounting.org/asc/605/948/#605-948-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:11.205Z to 2026-09-10T00:50:11.205Z Record version: sha256:7bec2062e6be1fe859953d98b81cd7b52575d38f94bc879eed6f5b6b678db5c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-948-25-3](https://asc.understandingaccounting.org/asc/605/948/#605-948-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:11.205Z to 2026-09-10T00:50:11.205Z Record version: sha256:8fcf3bef8a8efc731cae90d5d075a2b60bd2797c6522e4eb1c92a7df11aada7e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:14.020Z to 2026-09-10T00:50:38.705Z Record version: sha256:7b76601c82ca9a89fa84423248782e5b0ae907796038ac6ec26a1bb65d31112c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952: Revenue Recognition — Franchisors ### Machine-generated study aids ```json { "summary": "ASC 605-952 formerly contained the industry-specific revenue recognition guidance for franchisors (initial franchise fees, area franchise sales, continuing fees, and related disclosures). Every paragraph in the subtopic — Sections 05, 15, 25, 35, 40, 45, and 50 — has been superseded by ASU 2014-09 (Revenue from Contracts with Customers). Franchisors now apply ASC 606 (with ASC 340-40 for contract costs), including the franchisor-specific implementation guidance and, for private companies, the practical expedient added by ASU 2021-02.", "key_points": [ "Every paragraph of this subtopic, including 605-952-05-1, 605-952-15-1, 605-952-25-1 through 25-17, 605-952-35-1, 605-952-40-1, 605-952-45-1, and 605-952-50-1 through 50-3, is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09.'", "Because no substantive text remains, the subtopic imposes no current recognition, measurement, derecognition, presentation, or disclosure requirements on franchisors.", "The legacy model this subtopic carried forward (from FAS 45) recognized initial franchise fees only when substantially all initial services had been performed; that model no longer applies under GAAP.", "Franchisors must instead apply the five-step model in ASC 606-10 to franchise agreements, identifying performance obligations and allocating the transaction price, and apply ASC 340-40 to incremental costs of obtaining and costs to fulfill a contract.", "Legacy 605 guidance may still be relevant only for historical financial statements or comparative periods presented before the ASU 2014-09 effective date." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "introductory", "student_note": "This subtopic is a shell: its only teaching point is that franchisor-specific revenue rules were eliminated by ASU 2014-09 and replaced by the general ASC 606 model. The common mistake is citing the old 'substantially all initial services performed' test for initial franchise fees, which is no longer authoritative.", "related_topics": [ "606-10", "340-40", "952-606", "952-340", "605-10" ], "key_concepts": [ "superseded guidance", "franchisor revenue", "initial franchise fee", "continuing franchise fee", "revenue from contracts with customers", "industry-specific revenue guidance", "transition to asc 606" ] } ``` Source downloaded (UTC): 2026-09-10T00:50:14.020Z to 2026-09-10T00:50:14.020Z Record version: sha256:aa173a101d9955058dbd373ae550ba35e0b8c1c1133503cdf86555451fdc6807 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/952/#00-status) SEC content: no ##### [605-952-00-1](https://asc.understandingaccounting.org/asc/605/952/#605-952-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:14.020Z to 2026-09-10T00:50:14.020Z Record version: sha256:adbd427c70185465a21c5da5ddcd03a5cdae26e3b2d734dd0f309e381fea5978 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Area FranchiseSupersededAccounting Standards Update No. 2014-0905/28/2014
Bargain PurchaseSupersededAccounting Standards Update No. 2014-0905/28/2014
Continuing Franchise FeesSupersededAccounting Standards Update No. 2014-0905/28/2014
Franchise AgreementSupersededAccounting Standards Update No. 2014-0905/28/2014
FranchiseeSupersededAccounting Standards Update No. 2014-0905/28/2014
FranchisorSupersededAccounting Standards Update No. 2014-0905/28/2014
Initial Franchise FeeSupersededAccounting Standards Update No. 2014-0905/28/2014
Initial ServicesSupersededAccounting Standards Update No. 2014-0905/28/2014
952-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
952-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
952-605-25-1 through 25-17
SupersededAccounting Standards Update No. 2014-0905/28/2014
952-605-35-1SupersededAccounting Standards Update No. 2014-0905/28/2014
952-605-40-1SupersededAccounting Standards Update No. 2014-0905/28/2014
952-605-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
952-605-50-1 through 50-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:50:17.455Z to 2026-09-10T00:50:17.455Z Record version: sha256:3868431203c8d6cca4647d80578e79a0328d216e3cdc022f129b42ab12ee98dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/952/#05-overview-and-background) SEC content: no ##### [605-952-05-1](https://asc.understandingaccounting.org/asc/605/952/#605-952-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:17.455Z to 2026-09-10T00:50:17.455Z Record version: sha256:2c7e3932c9258010110422c9d1380375d76380b9048df55125c528ed2bad6fda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:20.596Z to 2026-09-10T00:50:20.596Z Record version: sha256:9a5ad4b2f591a5e0f411b95ab1a11b3fac7250009053341d1a5a0c61056ea698 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/952/#15-scope-and-scope-exceptions) SEC content: no ##### [605-952-15-1](https://asc.understandingaccounting.org/asc/605/952/#605-952-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:20.596Z to 2026-09-10T00:50:20.596Z Record version: sha256:ebc4c7b660d5c205247a4e0abb4ae2fd86bad762bca555a919192ea9db084658 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:22.406Z to 2026-09-10T00:50:22.406Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/952/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:53df9e990cc69f8a1a7216bd96b3e8570700e71de3e4b8dc0dfea3429c43e1a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/952/#25-recognition) SEC content: no ##### [605-952-25-1](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:25c071e19685b9855bfe8c03816e5d5985c7edea52893141a93fc1b4fff37962 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-2](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:611028fd989d03153cb9ceac0df82b87db0f52cccdc6d68da2d7249ccdeca31e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-3](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:36503d64f16b28ce47fcab744418ce483f56171f6ac6003280ceb7a9ab18b842 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-4](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:90e358f18cfbd8fabed7f30b0c01c00762f98a96c7864039c4798a186be245ae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-5](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:152dfb0fb418a58f25b0028d5f770ae5d0fb9b4684813f4750cb6cbbb0b3238d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-6](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:e62eda87126058746d0bf16ffade17a5f4906bdb446ff65bc36e6b34f51358f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-7](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:2b04ac8df5d427fd548e968aaacc61b8951cd15973d643cad30fdff6dfb7b579 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-8](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:2f917d04d16fd4bb09d11e4bb132997ef477908a4fb01513bcc59e982513ba59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-9](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:ba2fcf35cdd1ff58f66e0acd775040b910be4995c229bb0233d004cd8e05ce44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-10](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:8448b27dbc4207d626cafa05ce67014f112f2c60d6d3dabca4e9460dbaef9528 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-11](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:3f664f6b8b3dba402df26ae60fe7d4d8a6f2db2e8552c1b4b058d1c6e3cb730e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-12](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:cbc07559c1a35d7bd9fa94ad987d7530c63ffbeec759a613a54235135c2ee7f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-13](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:e65e5ce643191289369d7993945d7b200e5ff854193cb78ef48a332de83d8cc2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-14](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:ed0cc8cbedfe794faef2ab3b705e91817672b806648744b6601f4c2c05990231 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-15](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:66d54d44d50990c0241db72df8bf4c9ee7e509d660c501c61bb2a758d867d38f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-16](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:775b8c9af30f27072778b733cb60dc0de61b92881c55eb0d13c3289c9c8d14d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-25-17](https://asc.understandingaccounting.org/asc/605/952/#605-952-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:25.765Z to 2026-09-10T00:50:25.765Z Record version: sha256:e02b092dc75f3d138a51714b3286e536eea975fdf4922aca6feacbe5c15d2134 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:29.396Z to 2026-09-10T00:50:29.396Z Record version: sha256:c49a3336e2e6ec472b78288e93304921ee2370bf6a6b18e0e86370051453cc70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/605/952/#35-subsequent-measurement) SEC content: no ##### [605-952-35-1](https://asc.understandingaccounting.org/asc/605/952/#605-952-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:29.396Z to 2026-09-10T00:50:29.396Z Record version: sha256:1262e0c8d06e42267d19e0de121d20579e02d3a54afd467065c0dc29b7693421 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:31.442Z to 2026-09-10T00:50:31.442Z Record version: sha256:83e2ca8b11d8478de8ab3f55b2bf518a59730cbfa92f52196400d749fecb937d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-40: 40 Derecognition [Read section](https://asc.understandingaccounting.org/asc/605/952/#40-derecognition) SEC content: no ##### [605-952-40-1](https://asc.understandingaccounting.org/asc/605/952/#605-952-40-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:31.442Z to 2026-09-10T00:50:31.442Z Record version: sha256:0f9bb29a2e40bb58838b95ee3eff7f099ba6328b5c45395711d1ec32fe34b9f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:35.079Z to 2026-09-10T00:50:35.079Z Record version: sha256:f3ffbe7468a00496c52d252c89252ea105baf8d00ec3f5ee592317412aa3d265 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/952/#45-other-presentation-matters) SEC content: no ##### [605-952-45-1](https://asc.understandingaccounting.org/asc/605/952/#605-952-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:35.079Z to 2026-09-10T00:50:35.079Z Record version: sha256:32086ee7753781415fc71e5661ef8186cd42c70b895efcd3415c40057475b9ca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:36.819Z to 2026-09-10T00:50:36.819Z Record version: sha256:e2a3f945c288562bf7d4b7a53bc4f2baba03bcf26eb78f5f3e9300e8c2f65b88 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-952-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/952/#50-disclosure) SEC content: no ##### [605-952-50-1](https://asc.understandingaccounting.org/asc/605/952/#605-952-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:36.819Z to 2026-09-10T00:50:36.819Z Record version: sha256:47a34d19327c0893da2cebeb3a782e20707ed4398f0716f62939b5def3db5c10 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-50-2](https://asc.understandingaccounting.org/asc/605/952/#605-952-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:36.819Z to 2026-09-10T00:50:36.819Z Record version: sha256:1403a651b7be2ebda75a48d0bab4c723ac485de94eed3b99a52c222517cde2cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-952-50-3](https://asc.understandingaccounting.org/asc/605/952/#605-952-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:36.819Z to 2026-09-10T00:50:36.819Z Record version: sha256:bfd8d4b926e568f1fd5395f053aaf1ff48e38365eee730e374e50e306fe02d51 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:41.818Z to 2026-09-10T00:51:15.106Z Record version: sha256:21ead6275136a0fe27e25277a448d769bb18834c35c5812194c9d772d8e25c4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954: Revenue Recognition — Health Care Entities ### Machine-generated study aids ```json { "summary": "After ASU 2014-09 superseded most of its content, ASC 605-954 retains only two pieces of health care recognition guidance: charity care and distributions from financially interrelated fundraising (recipient) entities. Charity care is never recognized as revenue, and distributions from a related fundraising foundation are generally a reduction of the health care entity's interest in that recipient entity rather than contribution revenue. Revenue from contracts with patients and other customers is now governed by Topic 606.", "key_points": [ "Topic 606 now provides the revenue recognition guidance for health care entities' contracts with customers; this Subtopic covers only charity care and related fundraising entities (605-954-05-1; 605-954-25-1).", "Charity care does not qualify for recognition as revenue, and only the portion of a patient's account meeting the entity's charity care criteria may be treated as charity; distinguishing charity care from bad-debt expense requires judgment (605-954-25-10).", "The charity care determination need not be made at admission or registration, but at some point the entity must determine the individual meets its established charity care criteria (605-954-25-11).", "Distributions from a financially interrelated recipient entity to the nongovernmental health care entity it supports are generally reported as a reduction of the health care entity's interest in the recipient entity (605-954-25-12).", "If the distribution comes from net assets not includable in that interest (because the recipient entity controls to whom assets are distributed), the health care entity reports a contribution from the related recipient entity (605-954-25-12).", "Financial statements must disclose management's charity care policy and the level of charity care provided, measured at the provider's direct and indirect costs, plus the method used to identify or estimate those costs (605-954-50-3).", "Funds received to offset or subsidize charity care, such as restricted gifts, grants, or uncompensated care fund amounts, must be separately disclosed (605-954-50-3)." ], "categories": [ "Revenue", "Recognition", "Disclosure", "Not-for-profit" ], "audience_level": "intermediate", "student_note": "Exam traps: charity care is never revenue (and therefore is not a bad-debt expense either), and the required disclosure is at cost, not at gross charges. Also remember that most of this Subtopic was superseded by ASU 2014-09 — patient service revenue questions now go to Topic 606.", "related_topics": [ "606", "954-605", "958-20", "954-10", "958-605" ], "key_concepts": [ "charity care", "bad-debt expense", "cost of charity care disclosure", "financially interrelated entities", "recipient entity distributions", "interest in recipient entity", "contribution revenue", "health care entities" ] } ``` Source downloaded (UTC): 2026-09-10T00:50:41.818Z to 2026-09-10T00:50:41.818Z Record version: sha256:2b81f721d4edac8cf0ab2244fddfc13153deee095fb54e9055859cb6d7781de7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/954/#00-status) SEC content: no ##### [605-954-00-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:41.818Z to 2026-09-10T00:50:41.818Z Record version: sha256:d78489cd28a2beb2066dfe8f0bbde630a4fae2839244d070302f528bc226837e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Capitation FeeSupersededAccounting Standards Update No. 2014-0905/28/2014
Conditional ContributionAddedAccounting Standards Update No. 2018-0806/21/2018
Conduit Debt SecurityAddedMaintenance Update 2014-20 (PDF)09/29/2014
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
ContributionAmendedAccounting Standards Update No. 2018-0806/21/2018
ContributionAmendedAccounting Standards Update No. 2010-0701/28/2010
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Diagnosis-Related GroupSupersededAccounting Standards Update No. 2014-0905/28/2014
Donor-Imposed ConditionAddedAccounting Standards Update No. 2018-0806/21/2018
Nonpublic Entity (Def. 1)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Nonpublic EntityAddedAccounting Standards Update No. 2011-0707/25/2011
Prepaid Health Care PlanSupersededAccounting Standards Update No. 2014-0905/28/2014
Promise to GiveAddedAccounting Standards Update No. 2018-0806/21/2018
Prospective Rate SettingSupersededAccounting Standards Update No. 2014-0905/28/2014
Public EntityAmendedMaintenance Update 2014-20 (PDF)09/29/2014
Public EntityAddedAccounting Standards Update No. 2011-0707/25/2011
Retrospective Rate SettingSupersededAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
954-605-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
954-605-05-2 through 05-14
SupersededAccounting Standards Update No. 2014-0905/28/2014
954-605-05-2AmendedAccounting Standards Update No. 2012-0410/01/2012
954-605-05-4AmendedAccounting Standards Update No. 2012-0410/01/2012
954-605-25-1AmendedAccounting Standards Update No. 2014-0905/28/2014
954-605-25-2 through 25-9
SupersededAccounting Standards Update No. 2014-0905/28/2014
954-605-25-4AmendedAccounting Standards Update No. 2011-0707/25/2011
954-605-35-1SupersededAccounting Standards Update No. 2014-0905/28/2014
954-605-45-1 through 45-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
954-605-45-4AddedAccounting Standards Update No. 2011-0707/25/2011
954-605-45-5AddedAccounting Standards Update No. 2011-0707/25/2011
954-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
954-605-50-2SupersededAccounting Standards Update No. 2014-0905/28/2014
954-605-50-3AmendedAccounting Standards Update No. 2010-2308/26/2010
954-605-50-4SupersededAccounting Standards Update No. 2014-0905/28/2014
954-605-50-4AddedAccounting Standards Update No. 2011-0707/25/2011
954-605-55-1 through 55-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
954-605-55-1 through 55-4
AddedAccounting Standards Update No. 2011-0707/25/2011
954-605-65-1AddedAccounting Standards Update No. 2010-2308/26/2010
954-605-65-2AddedAccounting Standards Update No. 2011-0707/25/2011
Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:bb32a4b95fe51778467d69c2adcece14fd2b4370007755bee447a6ea631451f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/954/#05-overview-and-background) SEC content: no ##### [605-954-05-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:4691d35b4e000c263a466e38b141b35383d64759539a9b2ebf59d30e52178df3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") provides guidance on revenue recognition for contracts with customers for health care entities within the scope of this Topic. This Subtopic provides recognition guidance for: 1. a Charity care 2. b Related fundraising entities. ##### [605-954-05-2](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:5c0b5a8fc9dd8027de83f5271867e8cc12a090c123d74c6368573b2453b0abff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-3](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:11d6a6538a5466d05f4baa8bbfb302f7fd121112b518c1c460bb50fb75ae0011 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-4](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:7991252024b8f169ec19a425a6fe5d930213819448a34c35ebdf8f0c9dbdb929 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-5](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:923b087c0f797827ca1702ec64af66bf0e3a165ba2065b494bd6df0af6a74826 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-6](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:11997e74602d886e4097ef292868053bded7c18148dc3564855f59a4da031ae5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-7](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:87a325d1cbeed777b3956bbed5c5d1a0078cf76086d6254b43db192f93f1e580 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-8](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:1ebfa70b5b58848c75d91f44d793d6e265ce9270e1b44843b83716d51570fd81 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-9](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:5594ef16d97eb1bdd472a923f59e1467b260d272720f9e6efa23553af41f12c8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-10](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:64b14af8c5ce0bedd849dc4219e93cb7fd6ff9e2e7f31f8779ee166be19bb001 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-11](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:2e2f4572de4c50717ba4c5bfeecab7f787d0dbcd8c45907fa36f3ff63237ad6f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-12](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:c187252508424a33a0bacb9f0fed87873bca22cd3b923f0c521e9a09fe1e15bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-13](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:b0ed7a950692873645698839328dc53226f8d27c44e5a2887ff6cdb0530230d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-05-14](https://asc.understandingaccounting.org/asc/605/954/#605-954-05-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:44.909Z to 2026-09-10T00:50:44.909Z Record version: sha256:8108962bea2c0c20041c0f2796f8615e24c5553f361321a1507b459e22c5e447 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:48.104Z to 2026-09-10T00:50:48.104Z Record version: sha256:f99f2eaae2b652979e1319553ac751819511e0a2b23388c21f99727b266c31a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/954/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [605-954-15-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:48.104Z to 2026-09-10T00:50:48.104Z Record version: sha256:1c3c4cceff25b11316fe60e43dd893ae58e16a891f0834bb8ca3edd24849a6dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 954-10-15. Source downloaded (UTC): 2026-09-10T00:50:51.601Z to 2026-09-10T00:50:51.601Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/954/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:a21076caff2dbb37317d8f1a29d3a8054e1c2d87fff97f233d1c2e89827748f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/954/#25-recognition) SEC content: no ##### [605-954-25-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:753ed88b2232ea884887d5403432f2c3b6f6e7cb48598c551a84a087705c909a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section provides recognition guidance for the following: 1. a [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 3. c [Charity care](https://asc.understandingaccounting.org/glossary/c/#charity-care "Charity care represents health care services that are provided but are never expected to result in cash flows. Charity care is provided to a patient with demonstrated inability to pay. Each entity establishes its own criteria for charity care consistent with its mission statement and financial ability.") 4. d Related fundraising entities. ##### [605-954-25-2](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:4578729a0445b85542637b99005b782c9008d6051e623d5d28d7d53b55cadd5b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-25-3](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:0397e06d2a41a9f2677904217582636b68bb7090be6ab561d744b3b0840a19a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-25-4](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:34264038f5358db1c2d244087c26625e5609b8cceb2dd12c3079bb4ca3836e87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-25-5](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:ecdbff37263f91f04ee6aaa90cde76557fa6f78d18ec6d80964307df0f1d77c4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-25-6](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:9a6a40ee3a0d4c1d790add3f43ad67d7f2fde44d54711def3c43def7a292f494 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-25-7](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:c64e52d5096c5b810f88b69594c549f33d956f4ffcd777c2f829fde4bc6d8190 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-25-8](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:2aa401ece2c498216f4bd6e168e6dc04b81db91b2006c0ccb080ddef6b2d0927 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-25-9](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:23859ef18762885421820d8b97b4a0bb198622e34b0616585bf8ad74ebf78a95 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Charity Care ##### [605-954-25-10](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:bea57fa833dc2927a19d2e53f06396268c70b7731d9cf525f5902cba8b8d4c11 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Charity care does not qualify for recognition as revenue in the financial statements. Distinguishing charity care from bad-debt expense requires the exercise of judgment. Only the portion of a patient's account that meets the entity's charity care criteria shall be recognized as charity. ##### [605-954-25-11](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:4140a3d05c2795980fe6cba643c54d8b7b6ea66239ebfe98fa5eec6e21d2957e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Although it is not necessary for the entity to make this determination on admission or registration of an individual, at some point the entity must determine that the individual meets the established criteria for charity care. #### Related Fundraising Entities ##### [605-954-25-12](https://asc.understandingaccounting.org/asc/605/954/#605-954-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:53.595Z to 2026-09-10T00:50:53.595Z Record version: sha256:98bd9ff34af194929d6686204fba96599f1fc7270b35d354d0fbda54445db4b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Distributions from a financially interrelated recipient entity to a nongovernmental health care entity that it supports shall generally be reported by the health care entity as a reduction of its interest in the recipient entity. However, if the distribution is made from net assets that are not includable in that interest because the health care entity does not have rights to them (that is, the recipient entity can determine to whom the assets will be distributed), the health care entity shall report a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") from the related recipient entity. See Example 2 in paragraphs [958-20-55-8 through 55-13](https://asc.understandingaccounting.org/asc/958/20/#958-20-55-8) for an illustration of a health care foundation and the affiliated entities that it supports. Source downloaded (UTC): 2026-09-10T00:50:57.679Z to 2026-09-10T00:50:57.679Z Record version: sha256:901bea4f2c8c59087b84c11834f18a41cd90bc2bf6d5a0fe538b4a1857c5fc4b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/605/954/#35-subsequent-measurement) SEC content: no ##### [605-954-35-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:57.679Z to 2026-09-10T00:50:57.679Z Record version: sha256:59cace62cc884a20f75e2ead12b4a336432a31f283046b47a3ac1f93dd83ed46 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:50:59.492Z to 2026-09-10T00:50:59.492Z Record version: sha256:14bba44f47e63dbf16e2cc32d967c2661d6502d56a660d2ecf52e0c451843587 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-40: 40 Derecognition [Read section](https://asc.understandingaccounting.org/asc/605/954/#40-derecognition) SEC content: no ##### [605-954-40-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-40-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:50:59.492Z to 2026-09-10T00:50:59.492Z Record version: sha256:a8f5e64cc658777a32d65608c49774a8379de9e56ae6efae0493beaa6b602297 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Section not used](https://asc.understandingaccounting.org/updates/page-1833002/). Source downloaded (UTC): 2026-09-10T00:51:01.156Z to 2026-09-10T00:51:01.156Z Record version: sha256:1308bf82ca7e281447b61ed89f406b0fb540e1016d77a169377ca2af76359c17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/954/#45-other-presentation-matters) SEC content: no ##### [605-954-45-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:01.156Z to 2026-09-10T00:51:01.156Z Record version: sha256:3b9263a719c10d2bf5185f4a3c034cc7e3fce5b2b83f5b84e0265ad42400082a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-45-2](https://asc.understandingaccounting.org/asc/605/954/#605-954-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:01.156Z to 2026-09-10T00:51:01.156Z Record version: sha256:1502698c2da7964bf7e645638047883f0abc3a42389be03aa4e5e136e2759e1d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-45-3](https://asc.understandingaccounting.org/asc/605/954/#605-954-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:01.156Z to 2026-09-10T00:51:01.156Z Record version: sha256:dc9ad6163e9f24ed55e76e63e0fbd097a9ee4f645948395610a853dd4624a59d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-45-4](https://asc.understandingaccounting.org/asc/605/954/#605-954-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:01.156Z to 2026-09-10T00:51:01.156Z Record version: sha256:4de060183f2101e79fab70720f440896ebf369ce14dc3febb15f16495778e258 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-45-5](https://asc.understandingaccounting.org/asc/605/954/#605-954-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:01.156Z to 2026-09-10T00:51:01.156Z Record version: sha256:84f6391e0bf8ebf3f33d0527e4cc5c5943111450cb736c66d37d1ce3facbda5b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:51:04.070Z to 2026-09-10T00:51:04.070Z Record version: sha256:92ed2124585147d46565de2ee8977081bbafded370e773487619da1eb6e45393 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/954/#50-disclosure) SEC content: no ##### [605-954-50-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:04.070Z to 2026-09-10T00:51:04.070Z Record version: sha256:f1b1ef71d8e43010659a350f892c772cd1bdab389bfa7ee10b4bc6d2f6ab1a16 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-50-2](https://asc.understandingaccounting.org/asc/605/954/#605-954-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:04.070Z to 2026-09-10T00:51:04.070Z Record version: sha256:ad6b018936310e00ee2607d9c2adb7a1a166c28011f98301bfaf6886f5395411 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Charity Care ##### [605-954-50-3](https://asc.understandingaccounting.org/asc/605/954/#605-954-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:04.070Z to 2026-09-10T00:51:04.070Z Record version: sha256:4d1bf9bd511b6fb17e1ca6d285d534439d63c45f909dfc27d969b8fcb092aea1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Management's policy for providing [charity care](https://asc.understandingaccounting.org/glossary/c/#charity-care "Charity care represents health care services that are provided but are never expected to result in cash flows. Charity care is provided to a patient with demonstrated inability to pay. Each entity establishes its own criteria for charity care consistent with its mission statement and financial ability."), as well as the level of charity care provided, shall be disclosed in the financial statements. Such disclosure shall be measured based on the provider's direct and indirect costs of providing charity care services. If costs cannot be specifically attributed to services provided to charity care patients (for example, based on a cost accounting system), management may estimate the costs of those services using reasonable techniques. For example, one such estimation technique might involve calculating a ratio of cost to gross charges, and then multiplying that ratio by the gross uncompensated charges associated with providing care to charity patients. Other reasonable techniques also are permitted. The method used to identify or estimate such costs shall be disclosed. Funds received to offset or subsidize charity services provided, for example, from gifts or grants restricted for charity care or from an uncompensated care fund, also shall be separately disclosed. ##### [605-954-50-4](https://asc.understandingaccounting.org/asc/605/954/#605-954-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:04.070Z to 2026-09-10T00:51:04.070Z Record version: sha256:fafa7aaf2171217c2bcfe0128d2a371fc6ada5ed65673b3f98a1091356c49ab3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:51:07.888Z to 2026-09-10T00:51:07.888Z Record version: sha256:b65e875edc82850783a5402472896fb87c444fe1310d49f1abae8a617a721a32 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/954/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-954-55-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:07.888Z to 2026-09-10T00:51:07.888Z Record version: sha256:011a6b3f9f7f97149cf45540e99bc810174b119dca32c26ac637453e592a2902 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-55-2](https://asc.understandingaccounting.org/asc/605/954/#605-954-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:07.888Z to 2026-09-10T00:51:07.888Z Record version: sha256:dd572d35708995bd953acc2ae3a34586d1bccfec8bc92435e0b4a68f0c3d4c35 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-55-3](https://asc.understandingaccounting.org/asc/605/954/#605-954-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:07.888Z to 2026-09-10T00:51:07.888Z Record version: sha256:52dcc8b3b2967a5e4618538b0788cb2e7edd70fb4b789264535ac58544ab416c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-954-55-4](https://asc.understandingaccounting.org/asc/605/954/#605-954-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:07.888Z to 2026-09-10T00:51:07.888Z Record version: sha256:aea94bae6fc7ebca2f8468dfa456266fedfc58689705e3ab6c85421f4c058254 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:51:11.649Z to 2026-09-10T00:51:11.649Z Record version: sha256:e8e4e66f0e01ebb7a61fdbcf0714bfd8abfeac624da6c329d695ed2487a4e176 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/605/954/#65-transition-and-open-effective-date-information) SEC content: no ##### [605-954-65-1](https://asc.understandingaccounting.org/asc/605/954/#605-954-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:11.649Z to 2026-09-10T00:51:11.649Z Record version: sha256:ed042a13427a9d4b898da67b99599051def704634535318c6417d80fd3e84a71 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/18/2012 after the end of the transition period stated in Accounting Standards Update No. 2010-23, _Health Care Entities (Topic 954): Measuring Charity Care for Disclosure_. ##### [605-954-65-2](https://asc.understandingaccounting.org/asc/605/954/#605-954-65-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:11.649Z to 2026-09-10T00:51:11.649Z Record version: sha256:c545b41b98c7376cab8867347c755754a7bf81b2b980a288acbc6225ca829d9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/17/2013 after the end of the transition period stated in Accounting Standards Update No. 2011-07, _Health Care Entities (Topic 954): Presentation and Disclosure of Patient Service Revenue, Provision for Bad Debts, and the Allowance for Doubtful Accounts for Certain Health Care Entities_. Source downloaded (UTC): 2026-09-10T00:51:15.106Z to 2026-09-10T00:51:15.106Z Record version: sha256:3be79ae98aaf7b4614a7e89d4784542245c9c0a6d8fef36f37d13b4414bf28be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-954-75: 75 GAAP Taxonomy Elements [Read section](https://asc.understandingaccounting.org/asc/605/954/#75-gaap-taxonomy-elements) SEC content: no Source downloaded (UTC): 2026-09-10T00:51:19.189Z to 2026-09-10T00:51:49.276Z Record version: sha256:2766135dbcf46e91c08fb67a0c428df5e19302ff0c04c121832e1de42903632a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958: Revenue Recognition — Not-for-Profit Entities ### Machine-generated study aids ```json { "summary": "ASC 958-605 governs revenue recognition by not-for-profit entities, principally contributions received. Its core rules are (1) distinguishing contributions (no commensurate value to the resource provider) from exchange transactions accounted for under Topic 606, (2) recognizing unconditional contributions as revenue or gains at fair value when received while conditional contributions (a barrier plus a right of return/release) are deferred as refundable advances until the barrier is substantially met, and (3) classifying contributions as with or without donor restrictions. It also covers agency-type transfers where an NFP recipient acts as intermediary, agent, or trustee for a donor and a specified third-party beneficiary.", "key_points": [ "Contributions received are recognized as revenues or gains in the period received (revenues if part of ongoing major or central activities, gains if peripheral) and measured at fair value (958-605-25-2; 958-605-30-2).", "Whether a transfer is a contribution or an exchange turns on whether the resource provider receives commensurate value; indirect or public benefit, mission execution, and donor sentiment are not commensurate value, and the type of resource provider (including government) is irrelevant (958-605-15-5A).", "A donor-imposed condition requires both (a) one or more barriers to be overcome and (b) a right of return of assets or right of release from obligation; barrier indicators include measurable performance-related barriers, limited discretion over the conduct of an activity, and stipulations related to the purpose of the agreement (958-605-25-5A through 25-5D).", "Ambiguous stipulations that are not clearly unconditional are presumed conditional, and a conditional transfer is accounted for as a refundable advance until the conditions are substantially met or explicitly waived (958-605-25-5E; 25-5F; 35-2).", "Contributed services are recognized only if they create or enhance nonfinancial assets or require specialized skills provided by persons possessing those skills that would otherwise be purchased (958-605-25-16); contributed collection items need not be recognized if collections are not capitalized (958-605-25-19).", "Contributions with donor-imposed restrictions increase net assets with donor restrictions, while exchange revenues and gifts of long-lived assets without use-period stipulations go to net assets without donor restrictions, and promises due in future periods are presumed donor-restricted (958-605-45-1, 45-3, 45-5, 45-6).", "A recipient entity acting as agent, trustee, or intermediary recognizes a liability to the specified beneficiary rather than contribution revenue unless granted explicit variance power or financially interrelated with the beneficiary (958-605-25-24 through 25-27; 45-9), and contributed nonfinancial assets must be presented separately with the disclosures in 958-605-50-1A." ], "categories": [ "Not-for-profit", "Revenue", "Recognition", "Disclosure" ], "audience_level": "intermediate", "student_note": "The most tested distinction is condition versus restriction: a condition (barrier + right of return/release) delays revenue recognition, while a restriction only affects net asset classification. Students commonly err by assuming government grants are always exchange transactions—under 958-605-15-5A the resource provider's identity is irrelevant, and a grant is a contribution unless the grantor itself receives commensurate value.", "related_topics": [ "606", "958-20", "958-360", "958-720", "820", "832" ], "key_concepts": [ "contribution versus exchange transaction", "commensurate value", "donor-imposed condition", "barrier and right of return", "refundable advance", "donor-imposed restriction", "variance power", "contributed services and nonfinancial assets" ] } ``` Source downloaded (UTC): 2026-09-10T00:51:19.189Z to 2026-09-10T00:51:19.189Z Record version: sha256:346077d2442642be45e64c325f8d9f066b951840559a35e8095376fe4e236e8d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/958/#00-status) SEC content: no ##### [605-958-00-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:19.189Z to 2026-09-10T00:51:19.189Z Record version: sha256:d98fbae87f211b48118f321ad9ac97b3a25c1eaaccb45080834169c1080cee9f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
AffiliateAmendedMaintenance Update 2018-12 (PDF)09/10/2018
Agency TransactionAddedAccounting Standards Update No. 2015-1006/12/2015
Agency Transactions (Not for Profits)SupersededAccounting Standards Update No. 2015-1006/12/2015
Board-Designated Endowment FundAmendedAccounting Standards Update No. 2016-1408/18/2016
CollectionsAmendedAccounting Standards Update No. 2019-0303/21/2019
Conditional ContributionAddedAccounting Standards Update No. 2018-0806/21/2018
Conditional Promise to GiveAmendedAccounting Standards Update No. 2018-0806/21/2018
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
ContributionAmendedAccounting Standards Update No. 2018-0806/21/2018
ContributionAmendedAccounting Standards Update No. 2010-0701/28/2010
Contributions ReceivableAddedAccounting Standards Update No. 2016-1408/18/2016
Control (1st def.)SupersededAccounting Standards Update No. 2015-1006/12/2015
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Donor-Imposed ConditionAmendedAccounting Standards Update No. 2018-0806/21/2018
Donor-Imposed RestrictionAmendedAccounting Standards Update No. 2016-1408/18/2016
Donor-Restricted Endowment FundAddedAccounting Standards Update No. 2016-1408/18/2016
Donor-Restricted SupportAddedAccounting Standards Update No. 2016-1408/18/2016
Endowment FundAmendedAccounting Standards Update No. 2016-1408/18/2016
Environmental CreditAddedAccounting Standards Update No. 2026-0205/19/2026
Environmental Credit ObligationAddedAccounting Standards Update No. 2026-0205/19/2026
Equity Security (1st def.)AmendedAccounting Standards Update No. 2016-0101/05/2016
ExchangeAddedAccounting Standards Update No. 2025-1012/04/2025
Financial Asset (2nd def.)AmendedAccounting Standards Update No. 2016-1912/14/2016
Funds Functioning as EndowmentAddedAccounting Standards Update No. 2016-1408/18/2016
Government GrantAddedAccounting Standards Update No. 2025-1012/04/2025
Income TaxesAddedAccounting Standards Update No. 2026-0205/19/2026
Monetary AssetsAddedAccounting Standards Update No. 2025-1012/04/2025
Most Advantageous MarketAddedAccounting Standards Update No. 2020-0709/17/2020
Net AssetsAddedAccounting Standards Update No. 2016-1408/18/2016
Net Assets with Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Net Assets without Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Nonreciprocal Transfer (1st def.)AddedAccounting Standards Update No. 2026-0205/19/2026
Permanent EndowmentSupersededAccounting Standards Update No. 2016-1408/18/2016
Permanent RestrictionSupersededAccounting Standards Update No. 2016-1408/18/2016
Permanently Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Principal MarketAddedAccounting Standards Update No. 2020-0709/17/2020
ReclassificationSupersededAccounting Standards Update No. 2016-1408/18/2016
Reclassification of Net AssetsAddedAccounting Standards Update No. 2016-1408/18/2016
Restricted SupportSupersededAccounting Standards Update No. 2016-1408/18/2016
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
Temporarily Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Unrestricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Unrestricted SupportSupersededAccounting Standards Update No. 2016-1408/18/2016
958-605-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
958-605-05-2AmendedAccounting Standards Update No. 2014-0905/28/2014
958-605-15-2AAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-15-4 through 15-6
AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-15-5AAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-15-6AmendedAccounting Standards Update No. 2026-0205/19/2026
958-605-15-6AmendedAccounting Standards Update No. 2025-1012/04/2025
958-605-15-7AAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-15-13AddedAccounting Standards Update No. 2016-1912/14/2016
958-605-25-1AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-25-1AmendedAccounting Standards Update No. 2014-0905/28/2014
958-605-25-2AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-25-2AAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-25-5A through 25-5F
AddedAccounting Standards Update No. 2018-0806/21/2018
958-605-25-11AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-25-12SupersededAccounting Standards Update No. 2018-0806/21/2018
958-605-25-13AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-25-14SupersededAccounting Standards Update No. 2018-0806/21/2018
958-605-25-17AmendedAccounting Standards Update No. 2013-0604/19/2013
958-605-25-23AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-25-24AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-25-33AmendedAccounting Standards Update No. 2015-1006/12/2015
958-605-30-3AmendedAccounting Standards Update No. 2011-0405/12/2011
958-605-35-3AmendedAccounting Standards Update No. 2012-0410/01/2012
958-605-45-1AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-45-2SupersededAccounting Standards Update No. 2014-0905/28/2014
958-605-45-3 through 45-8
AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-45-4AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-45-4AmendedAccounting Standards Update No. 2016-0101/05/2016
958-605-45-4AAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-45-4BAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-45-7AAddedAccounting Standards Update No. 2020-0709/17/2020
958-605-50-1SupersededAccounting Standards Update No. 2020-0709/17/2020
958-605-50-1AAddedAccounting Standards Update No. 2020-0709/17/2020
958-605-50-1BAddedAccounting Standards Update No. 2020-0709/17/2020
958-605-50-2AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-50-3SupersededAccounting Standards Update No. 2016-1408/18/2016
958-605-55-1AmendedAccounting Standards Update No. 2015-1006/12/2015
958-605-55-1AAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-2AAmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-3SupersededAccounting Standards Update No. 2018-0806/21/2018
958-605-55-3AAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-4AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-6AmendedAccounting Standards Update No. 2012-0410/01/2012
958-605-55-7AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-8SupersededAccounting Standards Update No. 2018-0806/21/2018
958-605-55-8AmendedAccounting Standards Update No. 2016-1912/14/2016
958-605-55-13AAddedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-14AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-14A through 55-14I
AddedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-15 through 55-17
AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-17A through 55-17F
AddedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-21AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-21 through 55-24
AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-25SupersededAccounting Standards Update No. 2025-1212/17/2025
958-605-55-34AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-37AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-38AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-48AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-51AmendedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-70A through 55-70T
AddedAccounting Standards Update No. 2018-0806/21/2018
958-605-55-70U through 55-70W
AddedAccounting Standards Update No. 2020-0709/17/2020
958-605-55-82SupersededAccounting Standards Update No. 2018-0806/21/2018
958-605-55-85 through 55-87
AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-98AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-100AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-105AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-107AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-110AmendedAccounting Standards Update No. 2016-1408/18/2016
958-605-55-110AmendedAccounting Standards Update No. 2012-0410/01/2012
Source downloaded (UTC): 2026-09-10T00:51:22.187Z to 2026-09-10T00:51:22.187Z Record version: sha256:dc8ed38c8e7d7f33cb40a165d411d9a681ad11461f39d5926549e724b56fe5b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/958/#05-overview-and-background) SEC content: no ##### [605-958-05-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:22.187Z to 2026-09-10T00:51:22.187Z Record version: sha256:bb81e497ee646f56146a2e2fc0075a863ece8e38f52d9158a433abfd0abb525f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on revenue recognition by [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFPs). NFPs also shall comply with the applicable standards in Topic 606. The guidance is presented in the following three Subsections: 1. a General 2. b Contributions Received 3. c Transfers of Assets to a Not-for-Profit Entity or Charitable Trust that Raises or Holds Contributions for Others. ##### [605-958-05-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:22.187Z to 2026-09-10T00:51:22.187Z Record version: sha256:bbba5d69fd2a39abca5633fe731e0a87ba1a86a0bbe43cb65e2824f3c3d51308 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The General Subsections provide guidance on the presentation of exchange transactions in a statement of activities. They also provide implementation guidance for distinguishing [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") transactions from exchange transactions. ### Contributions Received ##### [605-958-05-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:22.187Z to 2026-09-10T00:51:22.187Z Record version: sha256:8b057b4114323a50e0275a1b18a9e81f31756a5b754e1cefc21784e99da52979 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Contributions Received Subsections establish standards of financial accounting and reporting for [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") received. They also establish standards for [collections](https://asc.understandingaccounting.org/glossary/c/#collections "Works of art, historical treasures, or similar assets that meet all of the following criteria: They are held for public exhibition, education, or research in furtherance of public service rather than financial gain. They are protected, kept unencumbered, cared for, and preserved. They are subject to an organizational policy that requires the use of proceeds from items that are sold to be for the acquisitions of new collection items, the direct care of existing collections, or both. Collections generally are held by museums; botanical gardens; libraries; aquariums; arboretums; historic sites; planetariums; zoos; art galleries; nature, science, and technology centers; and similar educational, research, and public service organizations that have those divisions; however, the definition is not limited to those entities nor does it apply to all items held by those entities.") of works of art, historical treasures, and similar assets acquired by contribution. ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others ##### [605-958-05-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:22.187Z to 2026-09-10T00:51:22.187Z Record version: sha256:b19615fba6ac5211f86c071571f76bfe3e79b777bb90c64ca48f177926a4f499 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Transfers of Assets to a Not-for-Profit Entity or Charitable Trust that Raises or Holds Contributions for Others Subsections provide guidance for transfers of assets for which it may be unclear as to who should report a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") because a donor uses a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") as its [intermediary](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor."), [agent](https://asc.understandingaccounting.org/glossary/a/#agent "An entity that acts for and on behalf of another. Although the term agency has a legal definition, the term is used broadly to encompass not only legal agency, but also the relationships described in Topic 958. A recipient entity acts as an agent for and on behalf of a donor if it receives assets from the donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a specified beneficiary. A recipient entity acts as an agent for and on behalf of a beneficiary if it agrees to solicit assets from potential donors specifically for the beneficiary's use and to distribute those assets to the beneficiary. A recipient entity also acts as an agent if a beneficiary can compel the recipient entity to make distributions to it or on its behalf."), or [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "An entity that has a duty to hold and manage assets for the benefit of a specified beneficiary in accordance with a charitable trust agreement. In some states, not-for-profit entities (NFPs) are organized under trust law rather than as corporations. Those NFPs are not trustees as defined because, under those statutes, they hold assets in trust for the community or some other broadly described group, rather than for a specific beneficiary.") to transfer assets to a third-party donee. Although the transaction between the donor and the donee may be a contribution, in many instances, the transfer of assets from the donor is not a contribution received by the recipient entity, and the transfer of assets to the donee is not a contribution made by the recipient entity. Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:14d8256a7c74b62a1f719de2377ea0540047dba6a0e3b1574b747074795921d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/958/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [605-958-15-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:69e123daca0c6044a8e473c78eb6f80b9de971b60e32a46ddf87cfc1214a780a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15. ##### [605-958-15-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:3353230d4f016bda12c3f63101f1eafc1f830e9074ff13ca9df3f95d06305349 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The General Subsection of this Section establishes the pervasive scope for this Subtopic, with specific exceptions noted in the other Subsections of this Section. ##### [605-958-15-2A](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-2A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:fd6129ad830e8afe557f45dd006948940b50c1ab9b07a750b821b7edc217111d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A business entity shall consider the guidance in this Subtopic when determining whether a transaction is a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") within the scope of this Subtopic. Additionally, paragraphs [958-605-55-4 through 55-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-4) and [958-605-55-13A through 55-14I](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-13A) apply to all resource providers, including business entities that act as resource providers. ### Contributions Received ##### [605-958-15-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:8fc194dcb345971ad8eafc7570ab2100ee746d2270db268b6925234601941c56 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Contributions Received Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph [958-605-15-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-1), with specific exceptions noted below. #### Entities ##### [605-958-15-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:a4b3f3c451e58d779e80423a03832e7bffe6f197058f4391d270c3e6ee6aa4b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Accounting for [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") is an issue primarily for [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFPs) because contributions received are a significant source of revenues for many of those entities. However, except for Section 958-605-45, the guidance in the Contributions Received Subsections applies to all entities (NFPs and business entities) that receive contributions unless otherwise indicated. #### Transactions ##### [605-958-15-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:d9af8a8c03a06c0bc3683a0d52837e5d6ad80806022e7ffd56c017e330525f2a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Contributions Received Subsections applies to the following transactions and activities: 1. a Contributions of cash and other assets, including [promises to give](https://asc.understandingaccounting.org/glossary/p/#promise-to-give "A written or oral agreement to contribute cash or other assets to another entity. A promise carries rights and obligations—the recipient of a promise to give has a right to expect that the promised assets will be transferred in the future, and the maker has a social and moral obligation, and generally a legal obligation, to make the promised transfer. A promise to give may be either conditional or unconditional."), or a reduction, settlement, or cancellation of liabilities. ##### [605-958-15-5A](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-5A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:4631b1cdbe9ecf4ef6ee9aaa1e6c36574bf1a8372a02021e3424788f024f7a29 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In determining whether a transfer of assets is an exchange transaction in which a resource provider (for example, a government agency, a foundation, a corporation, or other entity) receives commensurate value in return for the resources transferred or a contribution, the type of resource provider shall not factor into the determination and an entity shall evaluate the terms of an agreement and consider the following (additional clarification is provided in paragraphs [958-605-55-4 through 55-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-4) and [958-605-55-13A through 55-14I](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-13A)): 1. a The resource provider (including a foundation, a government agency, a corporation, or other entity) is not synonymous with the general public. A benefit received by the public as a result of the assets transferred is not equivalent to commensurate value received by the resource provider. Therefore, if the resource provider receives indirect value in exchange for the assets transferred or if the value received by the resource provider is incidental to the potential public benefit from using the assets transferred, the transaction shall not be considered commensurate value received in return. 2. b Execution of the resource provider's mission or the positive sentiment from acting as a donor shall not constitute commensurate value received by the resource provider for purposes of determining whether the transfer of assets is a contribution or an exchange. 3. c If the expressed intent asserted by both the recipient and the resource provider is to exchange resources for goods or services that are of commensurate value, the transaction shall be indicative of an exchange transaction. The transaction shall be indicative of a contribution if the recipient solicits assets from the resource provider without the intent of exchanging goods or services of commensurate value. 4. d If the resource provider has full discretion in determining the amount of the transferred assets, the transaction shall be indicative of a contribution. If both the recipient and the resource provider agree on the amount of assets transferred in exchange for goods and services that are of commensurate value, the transaction shall be indicative of an exchange transaction. 5. e If the penalties assessed on the recipient for failure to comply with the terms of the agreement are limited to the delivery of assets or services already provided and the return of the unspent amount, the transaction is generally indicative of a contribution. The existence of contractual provisions for economic forfeiture beyond the amount of assets transferred by the resource provider to penalize the recipient for nonperformance generally indicates that the transaction is an exchange of commensurate value. ##### [605-958-15-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-6) Pending content: yes Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:3181ad368936eb2309a7bc4dc84ee223e65b5e1b8b3aef6ca9515f419b0fe416 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Contributions Received Subsections does not apply to the following transactions and activities: 1. a Transfers of assets that are in substance purchases of goods or services—exchange transactions in which each party receives and sacrifices commensurate value (in accordance with the guidance in paragraph [958-605-15-5A](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-5A)). However, if an entity voluntarily transfers assets to another or performs services for another in exchange for assets of substantially lower value and no unstated rights or privileges are involved, the contribution received that is inherent in that transaction is within the scope of the Contributions Received Subsections. 2. b Transfers of assets in which the reporting entity acts as an [agent](https://asc.understandingaccounting.org/glossary/a/#agent "A party that acts for and on behalf of another party. For example, a third-party intermediary is an agent of the transferor if it acts on behalf of the transferor."), [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "A person appointed by the Bankruptcy Court in certain situations based on the facts of the case, not related to the size of the entity or the amount of unsecured debt outstanding, at the request of a party in interest after a notice and hearing."), or [intermediary](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor."), rather than as a donor or donee (see the Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others Subsections of this Subtopic). 3. c Tax exemptions, tax incentives, or tax abatements. 4. d Transfers of assets from government entities to business entities. 5. e Transfers of assets (typically from a government entity) that are part of an existing exchange transaction between a recipient and an identified [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). Some examples include payments under Medicare and Medicaid programs, provisions of health care or education services by a government for its employees, and Pell Grants or similar state or local government tuition assistance programs. In those instances, an entity shall apply the applicable guidance (for example, Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with customers) to the underlying transaction with the customer, and the payments from the third parties would be payments on behalf of those customers. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [818-10-65-1](https://asc.understandingaccounting.org/asc/818/10/#818-10-65-1)The guidance in the Contributions Received Subsections does not apply to the following transactions and activities: 1. a Transfers of assets that are in substance purchases of goods or services—exchange transactions in which each party receives and sacrifices commensurate value (in accordance with the guidance in paragraph [958-605-15-5A](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-5A)). However, if an entity voluntarily transfers assets to another or performs services for another in exchange for assets of substantially lower value and no unstated rights or privileges are involved, the contribution received that is inherent in that transaction is within the scope of the Contributions Received Subsections. 2. b Transfers of assets in which the reporting entity acts as an [agent](https://asc.understandingaccounting.org/glossary/a/#agent "A party that acts for and on behalf of another party. For example, a third-party intermediary is an agent of the transferor if it acts on behalf of the transferor."), [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "A person appointed by the Bankruptcy Court in certain situations based on the facts of the case, not related to the size of the entity or the amount of unsecured debt outstanding, at the request of a party in interest after a notice and hearing."), or [intermediary](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor."), rather than as a donor or donee (see the Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others Subsections of this Subtopic). 3. c Tax exemptions, tax incentives, or tax abatements. 4. d Transfers of assets from government entities to business entities. 5. e Transfers of assets (typically from a government entity) that are part of an existing exchange transaction between a recipient and an identified [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). Some examples include payments under Medicare and Medicaid programs, provisions of health care or education services by a government for its employees, and Pell Grants or similar state or local government tuition assistance programs. In those instances, an entity shall apply the applicable guidance (for example, Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with customers) to the underlying transaction with the customer, and the payments from the third parties would be payments on behalf of those customers. 6. f Transfers of [environmental credits](https://asc.understandingaccounting.org/glossary/e/#environmental-credit "(P) December 16, 2027; (N) December 16, 2028818-10-65-1An enforceable right that is acquired, internally generated, granted by a regulatory agency or its designee(s), or received in a nonreciprocal transfer that is not a grant from a regulator or its designee(s) that meets all of the following criteria:Lacks physical substance and is not a financial asset.Is represented to prevent, control, reduce, or remove emissions or other pollution.Is, or previously was, separately transferable in an exchange transaction. If an item is no longer separately transferable in an exchange transaction, an entity must be able to use that item to satisfy an environmental credit obligation to meet this criterion.Is not an income tax credit that may be used to settle an entity’s income tax liability, regardless of whether the entity has a tax liability or intends to use the credit for that purpose.An environmental credit that meets the above criteria may exist in a variety of forms, including (but not limited to) credits, certificates, allowances, and offsets.") received from a regulator or its designee(s). Subtopic 818-20 provides accounting guidance for environmental credits. Transition date:(P) December 16, 2028; (N) December 16, 2029Transition guidance: [832-10-65-2](https://asc.understandingaccounting.org/asc/832/10/#832-10-65-2)The guidance in the Contributions Received Subsections does not apply to the following transactions and activities: 1. a Transfers of assets that are in substance purchases of goods or services—exchange transactions in which each party receives and sacrifices commensurate value (in accordance with the guidance in paragraph [958-605-15-5A](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-5A)). However, if an entity voluntarily transfers assets to another or performs services for another in exchange for assets of substantially lower value and no unstated rights or privileges are involved, the contribution received that is inherent in that transaction is within the scope of the Contributions Received Subsections. 2. b Transfers of assets in which the reporting entity acts as an [agent](https://asc.understandingaccounting.org/glossary/a/#agent "A party that acts for and on behalf of another party. For example, a third-party intermediary is an agent of the transferor if it acts on behalf of the transferor."), [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "A person appointed by the Bankruptcy Court in certain situations based on the facts of the case, not related to the size of the entity or the amount of unsecured debt outstanding, at the request of a party in interest after a notice and hearing."), or [intermediary](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor."), rather than as a donor or donee (see the Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others Subsections of this Subtopic). 3. c Tax exemptions, tax incentives, or tax abatements. 4. d Transfers of assets from government entities to business entities. Topic 832 provides accounting guidance for [government grants](https://asc.understandingaccounting.org/glossary/g/#government-grant "(P) December 16, 2028; (N) December 16, 2029832-10-65-2A transfer of a monetary asset or a tangible nonmonetary asset, other than in an exchange transaction (including an exchange transaction that may be at a significant discount to fair value), from a government to an entity except for a not-for-profit entity and an employee benefit plan within the scope of Topics 960, 962, and 965 on plan accounting.") received by business entities. 5. e Transfers of assets (typically from a government entity) that are part of an existing exchange transaction between a recipient and an identified [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). Some examples include payments under Medicare and Medicaid programs, provisions of health care or education services by a government for its employees, and Pell Grants or similar state or local government tuition assistance programs. In those instances, an entity shall apply the applicable guidance (for example, Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with customers) to the underlying transaction with the customer, and the payments from the third parties would be payments on behalf of those customers. ##### [605-958-15-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:34016a543fdbd855beae895b704ed078b1cf7122d312499f052f6e91d0f54639 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Contributions Received Subsections also use terms such as gift and donation to refer to a contribution; however, they generally avoid terms such as awards, grants, sponsorships, and appropriations that often are more broadly used to refer not only to contributions but also to assets transferred in exchange transactions in which the grantor, sponsor, or appropriator expects to receive commensurate value. ##### [605-958-15-7A](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-7A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:4fb41317c20f91128e85b1d662eae06fea3d759311d1ec2730f1f0339d53588f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contribution revenue within the scope of this Subtopic can be presented in the financial statements of an entity using different terms (for example, gift, grant, donation, or other terms). While some of those terms are generally not used in this guidance, the term used in the presentation of financial statements to label revenue that is accounted for within the scope of this Subtopic is not a factor in determining whether an agreement is within the scope of this Subtopic. ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others #### Overall Guidance ##### [605-958-15-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:c2b074fd1fd587b7fa7c482338a64e53e01a7d7bb66a11c380510c372ab50e01 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Transfers of Assets to a Not-for-Profit Entity or Charitable Trust that Raises or Holds Contributions for Others Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph [958-605-15-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-1), with specific exceptions noted below. #### Entities ##### [605-958-15-9](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:e4e8ef36b294050184fcc5badb4325118d35981def4d29fda0a96536d7f37f1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Transfer of Assets to a Not-for-Profit Entity or Charitable Trust that Raises or Holds Contributions for Others Subsections does not apply to the following entities: 1. a A [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "An entity that has a duty to hold and manage assets for the benefit of a specified beneficiary in accordance with a charitable trust agreement. In some states, not-for-profit entities (NFPs) are organized under trust law rather than as corporations. Those NFPs are not trustees as defined because, under those statutes, they hold assets in trust for the community or some other broadly described group, rather than for a specific beneficiary.") holding assets on behalf of a specified beneficiary (but paragraphs [958-605-25-29](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-29) and [958-605-25-31](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-31) establish standards for the beneficiary's reporting of its rights to trust assets—its beneficial interest in the charitable trust). #### Transactions ##### [605-958-15-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:57fb123666cf64b419af49a2df49da260a33952cfcfff80bbf577661db72d6f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Transfers of Assets to a Not-for-Profit Entity or Charitable Trust that Raises or Holds Contributions for Others Subsections applies to the following transactions and activities: 1. a Transactions in which an entity—the donor—makes a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") by transferring assets to an NFP or charitable trust—the [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.")—that accepts the assets from the donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to an unaffiliated entity—the beneficiary—that is specified by the donor. (An unaffiliated beneficiary is a beneficiary other than the donor or its [affiliate](https://asc.understandingaccounting.org/glossary/a/#affiliate "A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with an entity. See Control.").) 2. b Transactions that take place in a similar manner to (a) but are not contributions for either of the following reasons: 1. 1 The entity that transfers the assets to the recipient entity—the resource provider—is related to the beneficiary in a way that causes the transfer to be reciprocal. 2. 2 Conditions imposed by the resource provider or the relationships between the parties make the transfer of assets to the recipient entity revocable or repayable. ##### [605-958-15-11](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:365fad093710653778fd2f6cdcea2b1858b54339c0384772a1c2c096973b6422 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The types of transferred assets addressed by the preceding paragraph are cash and other assets, including securities, land, buildings, use of facilities or utilities, materials and supplies, intangible assets, services, and [unconditional promises to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance.") those items in the future. ##### [605-958-15-12](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:269aeea99687594fcd5f287c3d47eeb7e858602818f6bcb06412e6ba45920c28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the transfer of assets is not a contribution or not yet a contribution, the Transfers of Assets to a Not-for-Profit Entity or Charitable Trust that Raises or Holds Contributions for Others Subsections use the term resource provider rather than the term donor to refer to the entity that transfers the assets to the recipient entity. ##### [605-958-15-13](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:26.262Z to 2026-09-10T00:51:26.262Z Record version: sha256:c8881ffff05eeceea993038fd4008ef93b7af1e8381bc82b0b7f684b06686145 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [958-605-05-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-05-4) applies to transfers to affiliates only if the affiliate recipient entity is not the beneficiary of the transferred assets. Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:fae030e4639876b56ee1cc746725410e7b6fcb17d02a4a364b0d3b509b57923a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/958/#25-recognition) SEC content: no ##### [605-958-25-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:85d7e854bfc86505a0cb129cfcf2ce597bccd3dc2802b983f7541b9cbc858197 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Exchange transactions shall be accounted for in accordance with other applicable Topics, such as Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). ### Contributions Received ##### [605-958-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:b8ea6039e489e09abd35b9d45eb7b9856d3b3f0ba8e82ebcffe3152d06162b0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Except as provided in paragraphs [958-605-25-16 through 25-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) (related to contributed services, works of art, historical treasures, and similar items), [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") received shall be recognized as revenues or gains in the period received and as assets, decreases of liabilities, or expenses depending on the form of the benefits received. The classification of contributions received as revenues or gains depends on whether the transactions are part of the NFP's ongoing major or central activities (revenues), or are peripheral or incidental to the NFP (gains). A contribution made and a corresponding contribution received generally are recognized by both the donor and the donee at the same time, that is, when made or received, respectively, or if conditional, when the barrier is overcome. The definition of a contribution encompasses both a transfer of cash or other assets to an entity and a reduction, settlement, or cancellation of its liabilities. ##### [605-958-25-2A](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:7e8707bc9adab497cfd508b9398e4cefaa70148555e054e338dc0c157bc53c94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. After a contribution has been deemed not to contain a [donor-imposed condition](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-condition "A donor stipulation (donors include other types of contributors, including makers of certain grants) that represents a barrier that must be overcome before the recipient is entitled to the assets transferred or promised. Failure to overcome the barrier gives the contributor a right of return of the assets it has transferred or gives the promisor a right of release from its obligation to transfer its assets.") (see paragraphs [958-605-25-5A through 25-5F](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5A) ), an entity shall consider whether the contribution includes a [donor-imposed restriction](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions."), which includes the consideration about how broad or narrow the purpose of the agreement is and whether the resources can be used only after a specified date. ##### [605-958-25-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:4a5a452c14c74d128cdbe1efdce253771ab20433213decfe378bc4699a478da6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Donor-imposed restrictions place limits on the use of contributed resources and may affect an entity's performance and its ability to provide services. However, limitations on the use of donated resources do not change the fundamental nature of the contribution transaction or conclusions about when to recognize the underlying event. ##### [605-958-25-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:dca8fc37c2b6c89b6fb77dda07312c09e31dd873587c77044427723b089104cf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A major uncertainty about the existence of value may indicate that an item received or given should not be recognized. For example, a gift of clothing or furniture has no value unless it can be utilized in either of the following ways: 1. a Used internally by the not-for-profit entity (NFP) or for program purposes 2. b Sold by the NFP. If an item is accepted solely to be saved for its potential future use in scientific or educational research and has no alternative use, it may have uncertain value, or perhaps no value, and shall not be recognized. For example, contributions of flora, fauna, photographs, and objects that are identified with historic persons, places, or events often have no value or have highly restricted alternative uses. ##### [605-958-25-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:d23f7dfc811d81653b75357c2f810c8252c0bed69aa1b1d92037d859c47f80d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. However, contributed tangible property worth accepting generally possesses the common characteristic of all assets—future economic benefit or service potential. The future economic benefit or service potential of a tangible item usually can be obtained by exchanging it for cash or by using it to produce goods or services. Certain forms of contributed resources may be more difficult to measure reliably than others, but the form of the contributed resources alone should not change conclusions about whether to recognize the underlying event. ##### [605-958-25-5A](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:310e4107d1d55e4329f4765971e557508c1cd86d21498087f090915752ddc539 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A donor-imposed condition must have both: 1. a One or more barriers that must be overcome before a recipient is entitled to the assets transferred or promised 2. b A right of return to the contributor for assets transferred (or for a reduction, settlement, or cancellation of liabilities) or a right of release of the promisor from its obligation to transfer assets (or reduce, settle, or cancel liabilities). ##### [605-958-25-5B](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5B) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:0e44b0826bd5f90806d77168ec2119f93e813ce0a7a5aa927f833e78021dee2d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a donor-imposed condition to exist, it must be determinable from the agreement (or another document referenced in the agreement) that a recipient is only entitled to the transferred assets or a future transfer of assets if it has overcome the barrier. An agreement does not need to include the specific phrase _right of return or release from obligation_; however, an agreement should be sufficiently clear to be able to support a reasonable conclusion about when a recipient would be entitled to the transfer of assets. In the absence of any apparent indication that a recipient is only entitled to the transferred assets or a future transfer of assets if it has overcome a barrier, the agreement shall not be considered to contain a right of return of assets transferred or a right of release from obligation and shall be deemed a contribution without donor-imposed conditions. #### Barrier ##### [605-958-25-5C](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5C) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:cada0387e1000534e10b0e727aaade1156f75569509736d60283cbb10a4c81dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity must evaluate the facts and circumstances of an agreement to determine whether a stipulation represents a barrier that must be overcome before the recipient is entitled to the assets transferred or promised. A barrier often places specific requirements on an organization about the use of the transferred assets to be entitled to those assets. A probability assessment about whether the recipient is likely to meet the stipulation is not a factor when determining whether an agreement contains a barrier. In cases of ambiguous donor stipulations, see paragraph [958-605-25-5E](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5E). ##### [605-958-25-5D](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5D) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:57b6d5d0886f64217af972dfbadca53ffa441f06159d29b9818c714ba0b6ca68 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table contains a list of indicators that may be helpful in determining whether an agreement contains a barrier. Depending on the facts and circumstances, some indicators may be more significant than others, and no single indicator shall be determinative. See paragraphs [958-605-55-17A through 55-17F](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17A) and [958-605-55-70A through 55-70T](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70A) for implementation guidance and illustrative examples on determining whether a contribution is conditional.
Indicates a Barrier
Measurable Performance-Related Barrier or Other Measurable Barrier
The agreement includes a measurable performance-related barrier or other measurable barrier.
Measurable performance-related barriers or other measurable barriers often are coupled with a time limitation (for example, indicating that the outcomes are to be achieved within a specified time frame).
Examples of measurable performance-related barriers include a requirement that indicates that a recipient's entitlement to transferred assets is contingent upon the achievement of any of the following:
  1. a
    A specified level of service
  2. b
    An identified number of units of output
  3. c
    A specific outcome.
Other measurable barriers stipulate that a recipient is entitled to the resources if an identified event occurs (for example, a matching requirement).
Limited Discretion by the Recipient on the Conduct of an Activity
The recipient has limited discretion over the manner in which an activity can be conducted. Limited discretion of the recipient is more specific than a donor-imposed restriction. Restrictions limit the use of a contribution to a specific activity or time but do not necessarily place limitations on how the activity is performed. Examples of limited discretion could include a requirement to follow specific guidelines about incurring qualifying expenses, a requirement to hire specific individuals as part of the workforce conducting the activity (such as the hiring of specified employees or an identified professor at a university), and a specific protocol that must be adhered to.
Stipulations That Are Related to the Purpose of the Agreement
The stipulations are related to the purpose of the agreement. Examples could include a requirement for (a) a homeless shelter to provide a specified number of meals to the homeless (also an example of a measurable performance-related barrier), (b) an animal shelter to expand its facility to accommodate a specified number of additional animals, and (c) a research report that summarizes the findings from a grant on gluten-related allergies.
A stipulation that is unrelated to the purpose of the agreement (for example, administrative and trivial stipulations) is not indicative of a barrier.
Administrative and trivial stipulations could include routine reporting such as a requirement to provide (a) an annual report or (b) a report that summarizes the recipient's performance to demonstrate the underlying actions that were taken to meet the barrier(s) specified in the agreement.
For example, a report that indicates the number of meals that a homeless shelter provided to the homeless is typically not a stipulation that would contribute to achieving the purpose of the agreement. Rather, the action of providing a specified number of meals to the homeless would meet the stipulation that is required by a recipient to achieve the purpose of the agreement.
##### [605-958-25-5E](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5E) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:c1ac56ce9f36ea4feb3f96deaf45766814334ec98f95fe92ea0a9eca63f665d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Determining whether a contribution is conditional can be difficult if it contains donor stipulations that do not clearly state whether both: 1. a One or more barriers exist 2. b The right to receive or retain payment or delivery of the promised assets depends on meeting those barriers. In cases of ambiguous donor stipulations, a contribution containing stipulations that are not clearly unconditional shall be presumed to be a [conditional contribution](https://asc.understandingaccounting.org/glossary/c/#conditional-contribution "A contribution that contains a donor-imposed condition."). ##### [605-958-25-5F](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5F) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:02bb799df9116c96224054373faa119d127feef18d357bd36af1d6cf84d002af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A transfer of assets that is a conditional contribution shall be accounted for as a refundable advance until the conditions have been substantially met or explicitly waived by the donor. ##### [605-958-25-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:037797e8c0d10464b38636d30ca691c912f0f35309e8f05690d4503540b7d31a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subsection provides additional guidance for the following types of contributed assets: 1. a Promises to give 2. b Contributed services 3. c Works of art, historical treasures, and similar items 4. d Items given for use in fundraising. #### Promises to Give ##### [605-958-25-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:c48c1d2cc048f7468ca98ff2bf760ce5abccf73f6fb6fac333a56cfa8965be62 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The recognition guidance in the Contributions Received Subsections depends on whether the [promise to give](https://asc.understandingaccounting.org/glossary/p/#promise-to-give "A written or oral agreement to contribute cash or other assets to another entity. A promise carries rights and obligations—the recipient of a promise to give has a right to expect that the promised assets will be transferred in the future, and the maker has a social and moral obligation, and generally a legal obligation, to make the promised transfer. A promise to give may be either conditional or unconditional.") is unconditional or conditional as follows. ##### [605-958-25-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:e97e64f3b7d47cbaeaf3a09914a297b3369fb38f898550ac792a6a31d83b5bd9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Pursuant to paragraph [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2), an [unconditional promise to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance.") shall be recognized when it is received. However, to be recognized there must be sufficient evidence in the form of verifiable documentation that a promise was made and received. ##### [605-958-25-9](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:b3fd7774efaf8cd3c4c750a204bedcd08f9e3ce23eb40df19d1c537f7b5fdc66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A communication that does not indicate clearly whether it is a promise is considered an unconditional promise to give if it indicates an unconditional intention to give that is legally enforceable. Legal enforceability refers to the availability of legal remedies, not the intent to use them. ##### [605-958-25-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:30f27da5984b45c107a4c4c389f18491a75469f8b1469a9f025ebb70764c40c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Solicitations for donations that clearly include wording such as information to be used for budget purposes only or that clearly and explicitly allow resource providers to rescind their indications that they will give are intentions to give rather than promises to give and shall not be reported as contributions. ##### [605-958-25-11](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:4da876a3240abf3a439254227ae2eec36694c29bf622c8bc0c3d53fc59d7feef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Conditional promises to give](https://asc.understandingaccounting.org/glossary/c/#conditional-promise-to-give "A promise to give that is subject to a donor-imposed condition."), which contain donor-imposed conditions that represent a barrier that must be overcome as well as a right of release from obligation, shall be recognized when the condition or conditions on which they depend are substantially met, that is, when a conditional promise becomes unconditional. Imposing a condition creates a barrier that must be overcome before the recipient is entitled to the assets promised. For example, a promise to contribute cash if a like amount of new gifts is raised from others within 30 days and a provision that the cash will not be transferred if the gifts are not raised impose a condition on which entitlement to a promised gift depends. ##### [605-958-25-12](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:bab6e96be34ba52c4f45e66fe7b13cf06c2a68cd615efcd1269a2aa113d45a77 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-08](https://asc.understandingaccounting.org/updates/asu-2018-08/). ##### [605-958-25-13](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:bff9176b8cf6c78049d46746c8d3d3976c2280632ee54bb67c235f1a38f62b33 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A transfer of assets after a conditional promise to give is made and before the conditions are met is the same as a transfer of assets that is a conditional contribution (see paragraph [958-605-25-5F](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5F)). A change in the original conditions of the agreement between promisor and promisee shall not be implied without an explicit waiver (see paragraph [958-605-35-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-35-2)). ##### [605-958-25-14](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:2f8a1439d966b0a4b6c58ef02fbf69565e900b5e32b5d5f0aed512bfa2f8d0f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-08](https://asc.understandingaccounting.org/updates/asu-2018-08/). ##### [605-958-25-15](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:f6c7610396f00b9d3c399ab53d7cd6b1424cc6dcbdf76904eb04d5e048b8e770 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Absence of a specified time for transfer of cash or other assets, by itself, does not necessarily lead to a determination that a promise to give is ambiguous. If the parties fail to express the time or place of performance and performance is unconditional, performance within a reasonable time after making a promise is an appropriate expectation; similarly, if a promise is conditional, performance within a reasonable time after fulfilling the condition is an appropriate expectation. Promises to give that are silent about payment terms but otherwise are clearly unconditional shall be accounted for as unconditional promises to give. #### Contributed Services ##### [605-958-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:5aa3b24372735e78ac72d342bc613aec1e6c576f305efff729c033fcd5c474eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contributions of services shall be recognized if the services received meet any of the following criteria: 1. a They create or enhance [nonfinancial assets](https://asc.understandingaccounting.org/glossary/n/#nonfinancial-asset "An asset that is not a financial asset. Nonfinancial assets include land, buildings, use of facilities or utilities, materials and supplies, intangible assets, or services."). 2. b They require [specialized skills](https://asc.understandingaccounting.org/glossary/s/#specialized-skills "Services that require expertise that is not possessed by most members of the general public or that require an individual to be licensed to practice the profession or craft."), are provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation. Services requiring specialized skills are provided by accountants, architects, carpenters, doctors, electricians, lawyers, nurses, plumbers, teachers, and other professionals and craftsmen. Contributed services and promises to give services that do not meet these criteria shall not be recognized. See Examples 7 through 11 (paragraph [958-605-55-52 through 55-68](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-52) ) for illustrations of this guidance. ##### [605-958-25-17](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:31de29729c3a53b4adc12281b05805de893cd196ab5d95163e5cffed10133cc1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For services received from personnel of an [affiliate](https://asc.understandingaccounting.org/glossary/a/#affiliate "A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with an entity. See Control.") that directly benefit the recipient NFP and for which the affiliate does not charge the recipient NFP, the guidance in Subtopic 958-720 shall be followed. Charging the recipient NFP means requiring payment from the recipient NFP at least for the approximate amount of the direct personnel costs (for example, compensation and any payroll-related fringe benefits) incurred by the affiliate in providing a service to the recipient NFP or the approximate fair value of that service. #### Works of Art, Historical Treasures, and Similar Items ##### [605-958-25-18](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:623640c50f6bd4aeff5fa4fcc2e5ef4a8ecc67b6978322bf2181b5011b5857bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contributions of works of art, historical treasures, and similar items that are not part of a [collection](https://asc.understandingaccounting.org/glossary/c/#collections "Works of art, historical treasures, or similar assets that meet all of the following criteria: They are held for public exhibition, education, or research in furtherance of public service rather than financial gain. They are protected, kept unencumbered, cared for, and preserved. They are subject to an organizational policy that requires the use of proceeds from items that are sold to be for the acquisitions of new collection items, the direct care of existing collections, or both. Collections generally are held by museums; botanical gardens; libraries; aquariums; arboretums; historic sites; planetariums; zoos; art galleries; nature, science, and technology centers; and similar educational, research, and public service organizations that have those divisions; however, the definition is not limited to those entities nor does it apply to all items held by those entities.") shall be recognized as assets and as revenue or gains in financial statements pursuant to paragraph [958-360-25-2](https://asc.understandingaccounting.org/asc/360/958/#360-958-25-2). ##### [605-958-25-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:767109ac7e89071ce2fc15c8d550255e291a7b9756635316f813fcc9f8cb72d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity need not recognize contributions of works of art, historical treasures, and similar assets if the donated items are added to collections that meet all three of the criteria in the definition of a collection. Contributed collection items shall be recognized as revenues or gains if collections are capitalized and shall not be recognized as revenues or gains if collections are not capitalized. An entity that does not recognize and capitalize its collections or that capitalizes collections prospectively shall disclose the additional information required by paragraphs [958-360-45-3](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-3) and [958-360-45-5](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-5). #### Items Given for Use in Fundraising ##### [605-958-25-20](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:161fc6fb7b675f25d6094244da88c3f031a0e53fe4468fa807211c8942fbd6f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFPs may also receive items, such as tickets, gift certificates, works of art, and merchandise, that are to be used for fundraising purposes by transferring them to other resource providers (the ultimate resource provider or recipient) during fundraising events. Those gifts in kind can be linked to asset transfers from the original resource providers to the ultimate resource providers (recipients) because they are, in substance, part of the same transaction; those gifts in kind shall be reported as contributions and measured at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") when originally received by an NFP. The difference between the amount received for those items from the ultimate resource providers (recipients) and the fair value of the gifts in kind when originally contributed to the NFP shall be recognized as adjustments to the original contributions when the items are transferred to the ultimate resource providers (recipients). ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others ##### [605-958-25-21](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:1ceb3b8c23e670527bffa13d3a4339fcd4f12d08d240a3c60b24113750f46fcb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subsection provides recognition guidance for the following types of recipients of donated assets: 1. a Intermediaries 2. b Agents 3. c Specified beneficiaries. ##### [605-958-25-22](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:4aded89e7708c4546d75c0ec238e4d438c7347013d90df9d645ab4652dc849dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. It also provides guidance for transfers to a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") that are not recognized as [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") because of any of the following conditions: 1. a The transfer is revocable. 2. b The transfer is repayable. 3. c The transfer is reciprocal. #### Intermediary ##### [605-958-25-23](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:5300edb5b51f2c4161b6d788ded565761821f0927d851bdc4fccd3c33acbaf94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an [intermediary](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor.") receives cash or other [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity."), it shall recognize its liability to the specified beneficiary concurrent with its recognition of the assets received from the donor. If an intermediary receives [nonfinancial assets](https://asc.understandingaccounting.org/glossary/n/#nonfinancial-asset "An asset that is not a financial asset. Nonfinancial assets include land, buildings, use of facilities or utilities, materials and supplies, intangible assets, or services."), it is permitted, but not required, to recognize its liability and those assets provided that the intermediary reports consistently from period to period and discloses its accounting policy. While not required, a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) may choose to present its individual assets and liabilities by net asset class, in which case those assets and liabilities attributable to the agency transaction would be reported in the [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).")class. #### Agent ##### [605-958-25-24](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:2fa92aeecfde6946c9045831193067b9744f29eca59c64f699b0d328932ce4fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Except as described in paragraphs [958-605-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25) and [958-605-25-27](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-27), a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") that accepts assets from a donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a specified beneficiary is not a donee. It shall recognize its liability to the specified beneficiary concurrent with its recognition of cash or other financial assets received from the donor. Except as described in those paragraphs, a recipient entity that receives nonfinancial assets is permitted, but not required, to recognize its liability and those assets provided that the recipient entity reports consistently from period to period and discloses its accounting policy. Similar to the guidance in paragraph [958-605-25-23](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-23), those assets and liabilities would be reported in the net assets without donor restrictions class. ##### [605-958-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:808c4f16dc6ff23a9a893e1438eacc1120adb243045bc7adff483b6fa643a79f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A recipient entity that is directed by a donor to distribute the transferred assets, the return on investment of those assets, or both to a specified unaffiliated beneficiary acts as a donee, rather than an [agent](https://asc.understandingaccounting.org/glossary/a/#agent "An entity that acts for and on behalf of another. Although the term agency has a legal definition, the term is used broadly to encompass not only legal agency, but also the relationships described in Topic 958. A recipient entity acts as an agent for and on behalf of a donor if it receives assets from the donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a specified beneficiary. A recipient entity acts as an agent for and on behalf of a beneficiary if it agrees to solicit assets from potential donors specifically for the beneficiary's use and to distribute those assets to the beneficiary. A recipient entity also acts as an agent if a beneficiary can compel the recipient entity to make distributions to it or on its behalf."), [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "An entity that has a duty to hold and manage assets for the benefit of a specified beneficiary in accordance with a charitable trust agreement. In some states, not-for-profit entities (NFPs) are organized under trust law rather than as corporations. Those NFPs are not trustees as defined because, under those statutes, they hold assets in trust for the community or some other broadly described group, rather than for a specific beneficiary."), or intermediary, if the donor explicitly grants the recipient entity [variance power](https://asc.understandingaccounting.org/glossary/v/#variance-power "The unilateral power to redirect the use of the transferred assets to another beneficiary. A donor explicitly grants variance power if the recipient entity's unilateral power to redirect the use of the assets is explicitly referred to in the instrument transferring the assets. Unilateral power means that the recipient entity can override the donor's instructions without approval from the donor, specified beneficiary, or any other interested party.")—that is, the unilateral power to redirect the use of the transferred assets to another beneficiary. ##### [605-958-25-26](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:b51a008cedba1b2af5ac27df0f322c8ca5a0832872693f0bb15cf13a56ca7142 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Although variance power has the appearance of being conditional, the asserted condition is not effective for the following reasons: 1. a The condition can be substantially met solely by a declaration of the governing board of the recipient entity that states that a distribution to a specified beneficiary is unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the community or not-for-profit entities (NFPs) being served. 2. b The variance power is unilateral—exercise of the power does not require approval from the donor, beneficiary, or any other interested party. A recipient entity that is explicitly granted variance power has the ability to use assets it receives to further its own purpose from the date it accepts the assets. In that situation, the recipient entity shall account for receipt of funds by recognizing an asset and corresponding contribution revenue unless the transfer is revocable, repayable, or reciprocal as described in paragraph [958-605-25-33](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33). Example 10 (see paragraphs [958-605-55-106 through 55-110](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-106) ) illustrates a reciprocal transaction in which the NFP transfers assets to a recipient entity and names itself as the specified beneficiary. ##### [605-958-25-27](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:a92dd0e41a93155b6c103f38233552a9bd86cc8b246631eb746699dfe79dc4e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a recipient entity and a specified beneficiary are [financially interrelated entities](https://asc.understandingaccounting.org/glossary/f/#financially-interrelated-entities "A recipient entity and a specified beneficiary are financially interrelated entities if the relationship between them has both of the following characteristics: One of the entities has the ability to influence the operating and financial decisions of the other. One of the entities has an ongoing economic interest in the net assets of the other.") and the recipient entity is not a trustee, the recipient entity shall recognize a contribution received when it receives assets (financial or nonfinancial) from the donor that are specified for the beneficiary. #### Specified Beneficiary ##### [605-958-25-28](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:e2ee4998ebdf3cded225cc5c6191af13b789a7bb002f8004bae23c091cfb0138 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A specified beneficiary shall recognize its rights to the assets (financial or nonfinancial) held by a recipient entity as an asset unless the recipient entity is explicitly granted variance power (see paragraph [958-605-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25)). Those rights are any one of the following: 1. a An interest in the net assets of the recipient entity (see paragraph [958-605-25-32](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-32)) 2. b A beneficial interest 3. c A receivable. ##### [605-958-25-29](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:784bd7d3be9274a19091f454c1add3921124e864ed850e0cbe18d17ddbd5051d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the beneficiary has an unconditional right to receive all or a portion of the specified cash flows from a charitable trust or other identifiable pool of assets, the beneficiary shall recognize that beneficial interest. ##### [605-958-25-30](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:83cb64e47c93ffd437151073b60296d765031a21f92b7682679ba088220fd4be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the beneficiary's rights are neither an interest in the net assets of the recipient entity (see paragraph [958-605-25-32](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-32)) nor a beneficial interest (see the preceding paragraph), a beneficiary shall recognize its rights to the assets held by a recipient entity as a receivable and contribution revenue in accordance with paragraphs [958-605-25-8 through 25-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-8) and [958-605-45-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-5) for [unconditional promises to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance."). ##### [605-958-25-31](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:b08cbdfeb25e7c6274e508eee974a882efff4f984da7d141031be4dcebe9b0e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the donor explicitly grants a recipient entity variance power, the specified unaffiliated beneficiary shall not recognize its potential for future distributions from the assets held by the recipient entity. Those future distributions, if they occur, shall be recognized as contributions by the specified beneficiary when received or unconditionally promised. ##### [605-958-25-32](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:fa606db171996a4266c06bbca960577e0f1b7ab3be41ec1b461f092d4670773c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Pursuant to paragraph [958-20-25-2](https://asc.understandingaccounting.org/asc/958/20/#958-20-25-2), if the beneficiary and the recipient entity are financially interrelated entities, the beneficiary shall recognize its interest in the net assets of the recipient entity. See Subtopic 958-20 for additional information about transactions involving financially interrelated entities. #### Transfers That Are Not Contributions Because They Are Revocable, Repayable, or Reciprocal ##### [605-958-25-33](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:30ba60bb57112d12d564c6e2b8f04e8a0d71a5bd7e86be493b4ca7da65e7a826 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A transfer of assets to a recipient entity is not a contribution and shall be accounted for as an asset by the resource provider and as a liability by the recipient entity if any of the following conditions are present: 1. a The transfer is subject to the resource provider's unilateral right to redirect the use of the assets to another beneficiary. 2. b The transfer is accompanied by the resource provider's [conditional promise to give](https://asc.understandingaccounting.org/glossary/c/#conditional-promise-to-give "A promise to give that is subject to a donor-imposed condition.") or is otherwise revocable or repayable. 3. c The resource provider controls the recipient entity and specifies an unaffiliated beneficiary. See the definition of [control](https://asc.understandingaccounting.org/glossary/c/#control "The direct or indirect ability to determine the direction of management and policies through ownership, contract, or otherwise.") in Subtopic 958-810. 4. d The resource provider specifies itself or its [affiliate](https://asc.understandingaccounting.org/glossary/a/#affiliate "A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with an entity. See Control.") as the beneficiary and the transfer is not an equity transaction (see paragraph [958-20-25-4](https://asc.understandingaccounting.org/asc/958/20/#958-20-25-4)). Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:82fe80803b0f9202a98c1591da2bada5b397deeb27214a718629d5dc5733032b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/958/#30-initial-measurement) SEC content: no ### Contributions Received ##### [605-958-30-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:82f9347cf4d23191ea8ba7c60caddc2764e17ece1fea9e2e788c6b93734819df Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subsection provides initial measurement guidance for [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") received, including the following types of contributions: 1. a Unconditional promises to give 2. b Inventory items 3. c Contributed services 4. d Gifts in kind. ##### [605-958-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:1b3e31f5176bf768678028b153abcd537ae58a0fb3c661e681b2e383ddede385 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contributions received shall be measured at their fair values. Topic 820 establishes a framework for measuring [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date."). See the Fair Value Option Subsections of Subtopic 825-10 for guidance about electing at initial recognition to subsequently measure financial instruments and certain other contracts at fair value. ##### [605-958-30-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:10fa3f0ba6e61908dcf6acd4580df96f6e1d82bde036d7efac605c2e5a40fa5d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [820-10-35-2B](https://asc.understandingaccounting.org/asc/820/10/#820-10-35-2B) states that a fair value measurement takes into account the effect of a restriction on the sale or use of an asset if market participants would take into account the effect of the restriction when pricing the asset. Example 6 (see paragraph [820-10-55-51](https://asc.understandingaccounting.org/asc/820/10/#820-10-55-51)) illustrates that restrictions that are a characteristic of an asset, and, therefore, would transfer to a market participant, are the only restrictions reflected in fair value. Donor restrictions that are specific to the donee are reflected in the classification of net assets, not in the measurement of fair value. #### Unconditional Promises to Give ##### [605-958-30-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:9e0709eb6a4c21d26f2fffbaca60854e093b72074bdf776bb0a649966f19ec1e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If present value techniques are used to measure the fair value of [unconditional promises to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance."), the entity shall determine the amount and timing of the future cash flows of unconditional [promises to give](https://asc.understandingaccounting.org/glossary/p/#promise-to-give "A written or oral agreement to contribute cash or other assets to another entity. A promise carries rights and obligations—the recipient of a promise to give has a right to expect that the promised assets will be transferred in the future, and the maker has a social and moral obligation, and generally a legal obligation, to make the promised transfer. A promise to give may be either conditional or unconditional.") cash (or, for promises to give noncash assets, the quantity and nature of assets expected to be received). In making that determination, the entity shall consider all the elements in paragraph [820-10-55-5](https://asc.understandingaccounting.org/asc/820/10/#820-10-55-5), including the following: 1. a When the receivable is expected to be collected 2. b The creditworthiness of the other parties 3. c The entity's past collection experience 4. d The entity's policies concerning the enforcement of promises to give 5. e Expectations about possible variations in the amount or timing of the cash flows (that is, the uncertainty inherent in the cash flows) 6. f Other factors concerning the receivable's collectibility. ##### [605-958-30-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:783fb3777217ef14b63eeb5485354eab770b5d4b7bd901f6cfaa9f16a55b5e98 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If present value techniques are used to measure fair value, the present value of unconditional promises to give should be measured using a discount rate that is consistent with the general principles for present value measurement discussed in paragraphs [820-10-55-5 through 55-9](https://asc.understandingaccounting.org/asc/820/10/#820-10-55-5) . In conformity with paragraph [835-30-25-11](https://asc.understandingaccounting.org/asc/835/30/#835-30-25-11), the discount rate shall be determined at the time the unconditional promise to give is initially recognized and shall not be revised subsequently unless the entity has elected to measure the promise to give at fair value in conformity with the Fair Value Option Subsections of Subtopic 825-10. ##### [605-958-30-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:d107f20fdc4febebc92cfeaec1e5ddb65e9e83048b68a4d8649a816befd4bdcd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Unconditional promises to give that are expected to be collected in less than one year may be measured at net realizable value because that amount results in a reasonable estimate of fair value. ##### [605-958-30-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:d7b17db4b50697d781d13422a404dcee516936e086dda5b913d22b67e78f3a4a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a promise to give has not previously been recognized as contribution revenue because it was conditional, fair value shall be measured when the conditions are met. ##### [605-958-30-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:221fbce6e028393933be6cef1c3ed1eeadb19e6c2d918e7dc221d0091a76ce53 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A present value technique is one valuation technique for measuring the fair value of an unconditional promise to give noncash assets; other valuation techniques also are available, as described in Topic 820. If present value techniques are used, the fair value of contributions arising from unconditional promises to give noncash assets might be determined based on the present value of the projected fair value of the underlying noncash assets at the date that those assets are expected to be received (that projected fair value is referred to in this Section as the _future fair value_) and in the quantities that those assets are expected to be received, if the date is one year or more after the financial statement date. Both the likelihood of the promise being fulfilled and the future fair value of those underlying assets, such as the future fair value per share of a promised [equity security](https://asc.understandingaccounting.org/glossary/e/#equity-security "Any security representing an ownership interest in an entity (for example, common, preferred, or other capital stock) or the right to acquire (for example, warrants, rights, forward purchase contracts, and call options) or dispose of (for example, put options and forward sale contracts) an ownership interest in an entity at fixed or determinable prices. The term equity security does not include any of the following: Written equity options (because they represent obligations of the writer, not investments) Cash-settled options on equity securities or options on equity-based indexes (because those instruments do not represent ownership interests in an entity) Convertible debt or preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor."), should be considered in determining the future amount to be discounted. The quantity, nature, and timing of assets expected to be received, such as the number of shares of a promised equity security, the entity in which those shares represent an equity interest, and when those shares will be received should be considered in determining the likelihood of the promise being fulfilled. In cases in which the future fair value of the underlying asset is difficult to determine, the fair value of an unconditional promise to give noncash assets may be based on the fair value of the underlying asset at the date of initial recognition. No discount for the time value of money shall be reported if an asset's fair value at the date of initial recognition is used to measure the fair value of the contribution. #### Inventory Items ##### [605-958-30-9](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:a6c11eff06e8d9f342900c095e836b939805da6dd0d62a836dc175f357906643 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Inputs for measuring fair value of contributed inventory items may be obtained from published catalogs, vendors, independent appraisals, and other sources. If methods such as estimates, averages, or computational approximations, such as average value per pound or subsequent sales, can reduce the cost of measuring the fair value of inventory, use of those methods is appropriate, provided the methods are applied consistently, and the results of applying those methods are reasonably expected not to be materially different from the results of a detailed measurement of the fair value of contributed inventory. #### Contributed Services ##### [605-958-30-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:c491ee9831f487d5b09d049df767c1dfc6e57a50f3b0b2fdc0495b6235f96070 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contributions of services that create or enhance [nonfinancial assets](https://asc.understandingaccounting.org/glossary/n/#nonfinancial-asset "An asset that is not a financial asset. Nonfinancial assets include land, buildings, use of facilities or utilities, materials and supplies, intangible assets, or services.") may be measured by referring to either the fair value of the services received or the fair value of the asset or of the asset enhancement resulting from the services. Fair value should be used for the measure regardless of whether the NFP could afford to purchase the services at their fair value. #### Gifts in Kind ##### [605-958-30-11](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:aea08fc04c7e72d07dac12e4675f915bbb1f8a206095bc53472bb51e28f5872d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Gifts in kind that can be used or sold shall be measured at fair value. In determining fair value, entities should consider the quality and quantity of the gifts, as well as any applicable discounts that would have been received by the entity, including discounts based on that quantity if the assets had been acquired in exchange transactions. Fair value would generally not increase when a gift in kind is passed from one entity to another. However, fair value could increase if an entity adds value to the gift, such as by cleaning and packaging the gift. Any increases should be evaluated to determine whether the entity did, in fact, add to the fair value of the assets. ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others #### Intermediary ##### [605-958-30-12](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:99153abfd228312cd48c6b6b7bebfa2ae8ed8416fb79d9ae42e36e1800604f4a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Both the liability and the assets shall be measured at the [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") of the assets received from the donor. #### Agent ##### [605-958-30-13](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:2672ec76da294043958f98f205096a8b514891eb7fa561e50f8c22041ff442a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Both the liability and the assets shall be measured at the fair value of the assets received from the donor. #### Specified Beneficiary ##### [605-958-30-14](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:35.495Z to 2026-09-10T00:51:35.495Z Record version: sha256:23848994781b6d4e76064e7385b9084c88c5adca2f2c26f88c4dc11d7741403a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the beneficiary has an unconditional right to receive all or a portion of the specified cash flows from a charitable trust or other identifiable pool of assets, the beneficiary shall measure that beneficial interest at fair value. The fair value of a [perpetual trust held by a third party](https://asc.understandingaccounting.org/glossary/p/#perpetual-trust-held-by-a-third-party "An arrangement in which a donor establishes and funds a perpetual trust administered by an individual or entity other than the not-for-profit entity (NFP) that is the beneficiary. Under the terms of the trust, the NFP has the irrevocable right to receive the income earned on the trust assets in perpetuity, but never receives the assets held in trust. Distributions received by the NFP may be restricted by the donor.") generally can be measured using the fair value of the assets contributed to the trust, unless facts and circumstances indicate that the fair value of the beneficial interest differs from the fair value of the assets contributed to the trust. If the beneficiary recognizes a receivable pursuant to paragraph [958-605-25-30](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-30), the beneficiary shall measure its rights to the assets held by a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") at fair value in accordance with paragraph [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2) and paragraphs [958-605-30-4 through 30-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-4) for [unconditional promises to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance."). Source downloaded (UTC): 2026-09-10T00:51:39.264Z to 2026-09-10T00:51:39.264Z Record version: sha256:08b995cc2426b560cbd0d5c53b80fdca15b0d347d4f4d0bdc1a27b4952d5b384 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/605/958/#35-subsequent-measurement) SEC content: no ### Contributions Received ##### [605-958-35-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:39.264Z to 2026-09-10T00:51:39.264Z Record version: sha256:d488ea6d9123ba1564d6d209d9cf8c83b90556c5d01c70fc32306bda879662de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Section [958-310-35-4](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-4) for subsequent measurement guidance for [unconditional promises to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance."). ##### [605-958-35-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:39.264Z to 2026-09-10T00:51:39.264Z Record version: sha256:54183d185d916e8768e93a3ad5fac6a19350ce7ec26a77ea0aeb983bd8e903e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Pursuant to paragraph [958-605-25-13](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-13), if the maker of a [conditional promise to give](https://asc.understandingaccounting.org/glossary/c/#conditional-promise-to-give "A promise to give that is subject to a donor-imposed condition.") transfers assets before specified conditions are substantially met, the transfer shall be recognized by the recipient as a refundable advance, a liability. When the conditions are substantially met, the refundable advance shall be recognized as revenue or gain. ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others #### Specified Beneficiary ##### [605-958-35-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:39.264Z to 2026-09-10T00:51:39.264Z Record version: sha256:5e15d583fa3f54c9a71a3b1ba68a79b359dda88692a478aff2810c07ac2874be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the beneficiary has an unconditional right to receive all or a portion of the specified cash flows from a charitable trust or other identifiable pool of assets, the beneficiary shall subsequently remeasure that beneficial interest at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") (see paragraph [958-30-35-10](https://asc.understandingaccounting.org/asc/958/30/#958-30-35-10)). The fair value of a [perpetual trust held by a third party](https://asc.understandingaccounting.org/glossary/p/#perpetual-trust-held-by-a-third-party "An arrangement in which a donor establishes and funds a perpetual trust administered by an individual or entity other than the not-for-profit entity (NFP) that is the beneficiary. Under the terms of the trust, the NFP has the irrevocable right to receive the income earned on the trust assets in perpetuity, but never receives the assets held in trust. Distributions received by the NFP may be restricted by the donor.") generally can be measured using the fair value of the assets of the trust at the date of remeasurement, unless facts and circumstances indicate that the fair value of the beneficial interest differs from the fair value of the assets contributed to the trust. Annual distributions from a perpetual trust held by a third party are reported as investment income. Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:c22d4f2fd1a71959a465dbb0e3ac9cc37a225b85fd5ba464baf3452bf815e593 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/958/#45-other-presentation-matters) SEC content: no ##### [605-958-45-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:c6a16c65aee81976a79ad3c570d0e3b6f98de0ffe2010ff2ba3f5ec3c92bbf92 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Resources received in exchange transactions shall be classified as revenues in the [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") class, even in circumstances in which resource providers place limitations on the use of the resources. For example, resources received from governments in exchange transactions in which those governments have placed limitations on the use of the resources shall be reported as revenues in the net assets without donor restrictions class, because those limitations are not [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") on [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution."). See paragraph [958-210-50-2](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-2) for additional information about significant contractual limitations. ##### [605-958-45-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:9b3a652319d42b18deed2e1b00079d7777c9be506c5fad5dedb4a1421f7779c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ### Contributions Received ##### [605-958-45-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:db3401b8f81c612d6e7b3a409052f13388577edc013577d7df56dfe5d7b577e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) shall distinguish between [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") received with [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") and those received without donor-imposed restrictions. The former shall be reported as [donor-restricted support](https://asc.understandingaccounting.org/glossary/d/#donor-restricted-support "Donor-restricted revenues or gains from contributions that increase net assets with donor restrictions (donors include other types of contributors, including makers of certain grants).") that increases [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants)."). The latter shall be reported as support that increases [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants)."). ##### [605-958-45-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:1fc2d37bc1dca58adc351427a1030cc92117e11a4e57fa2611d3348a3ed96f3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A restriction on an NFP's use of the assets contributed results either from a donor's explicit [stipulation](https://asc.understandingaccounting.org/glossary/s/#stipulation "A statement by a donor that creates a condition or restriction on the use of transferred resources.") or from circumstances surrounding the receipt of the contribution that make clear the donor's implicit restriction on use. #### Simultaneous Release Option ##### [605-958-45-4A](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-4A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:aa404afe33ed0ec555ea13b7d81d8bd67a3f47c539bd79344300b19eacbd3b26 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An NFP may elect a policy to report donor-restricted contributions whose restrictions are met in the same reporting period as the revenue is recognized as support within net assets without donor restrictions provided that the NFP has a similar policy for reporting investment gains and income (see paragraph [958-220-45-24](https://asc.understandingaccounting.org/asc/220/958/#220-958-45-24)), reports consistently from period to period, and discloses its accounting policy. ##### [605-958-45-4B](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-4B) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:7250eab44935bf32409820ab1a1d6f447c355c8304363b71f4d8f4be8c7c1d83 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An NFP may elect the policy described in paragraph [958-605-45-4A](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-4A) for donor-restricted contributions that were initially [conditional contributions](https://asc.understandingaccounting.org/glossary/c/#conditional-contribution "A contribution that contains a donor-imposed condition.") (the condition has been met) without also having to elect it for other donor-restricted contributions or investment gains and income provided that the NFP reports consistently from period to period and discloses its accounting policy. ##### [605-958-45-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:28d83176da9e0be984cd0c52db91a6232cccd2da6ef2ddcc2ebed26cebaf2dc1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Receipts of [unconditional promises to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance.") with payments due in future periods shall be reported as donor-restricted support unless explicit donor stipulations or circumstances surrounding the receipt of a promise make clear that the donor intended it to be used to support activities of the current period. It is reasonable to assume that by specifying future payment dates, donors indicate that their gifts are to support activities in each period in which a payment is scheduled. For example, receipts of unconditional promises to give cash in future years generally increase net assets with donor restrictions. ##### [605-958-45-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:760077f4da6b643073e2ae8b586cc9f3edae2c1cbda6e45132e521db1415f378 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Gifts of long-lived assets received without stipulations about how long the donated asset must be used shall be reported as revenue without donor restrictions.Gifts of cash or other assets restricted to acquire long-lived assets shall initially be reported as donor-restricted support and shall be released from restrictions by reclassifying net assets with donor restrictions to [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") when the asset is acquired and placed in service in accordance with paragraph [958-360-45-1A](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-1A), unless the donor also has placed a time restriction on the use of the long-lived asset, in which case the release occurs over the life of the time restriction. (Pursuant to paragraph [958-205-45-12](https://asc.understandingaccounting.org/asc/205/958/#205-958-45-12), all NFPs are not permitted to imply a time restriction that expires over the useful life of a long-lived asset.) ##### [605-958-45-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:e6a6c1cb9ba4c8fabff640722f8f877407d23ba554beab63605ba0f1d302f6c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Pursuant to paragraph [958-220-45-3](https://asc.understandingaccounting.org/asc/220/958/#220-958-45-3), [reclassifications of net assets](https://asc.understandingaccounting.org/glossary/r/#reclassification-of-net-assets "Simultaneous increase of one class of net assets and decrease of another. A reclassification of net assets usually results from a donor-imposed restriction (donors include other types of contributors, including makers of certain grants) being satisfied or otherwise lapsing.") for expirations of donor-imposed restrictions are reported separately from other transactions. #### Contributed Nonfinancial Assets ##### [605-958-45-7A](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-7A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:d21346fb258644070af11087653ec50412971cf3ae7a9ed1dd8eb08217f869ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An NFP shall present contributed nonfinancial assets as a separate line item in the statement of activities, apart from contributions of cash and other financial assets. See paragraph [958-605-50-1A](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-1A) for disclosure requirements for contributed nonfinancial assets. ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others #### Interest in a Perpetual Trust ##### [605-958-45-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:8cd9e6b7f96af4209dfdbe396c719f23b471e70834928d830cbff05d2fb54365 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A specified beneficiary shall classify the [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") of a perpetual interest in a trust held by a third party as [donor-restricted support](https://asc.understandingaccounting.org/glossary/d/#donor-restricted-support "Donor-restricted revenues or gains from contributions that increase net assets with donor restrictions (donors include other types of contributors, including makers of certain grants).") that is perpetual in nature, because the trust is similar to a donor-restricted endowment that is perpetual in nature that the [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) does not control, rather than a multiyear [promise to give](https://asc.understandingaccounting.org/glossary/p/#promise-to-give "A written or oral agreement to contribute cash or other assets to another entity. A promise carries rights and obligations—the recipient of a promise to give has a right to expect that the promised assets will be transferred in the future, and the maker has a social and moral obligation, and generally a legal obligation, to make the promised transfer. A promise to give may be either conditional or unconditional."). Any distributions from the trust that are free of purpose or time restrictions shall be reported as [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants)."). Any distributions from the trust that are restricted for a particular time or purpose shall be reported as [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") and released from restrictions when the time has elapsed or the purpose has been met by the NFP. #### Reporting Results of Fundraising Efforts in the Financial Statements ##### [605-958-45-9](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:038f371b94ee04e040a6f9e60bb37f2b853d32c832949a42dd1d2044833143a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Recipient entities that solicit and collect cash, products, or services and distribute those assets for charitable purposes to beneficiaries specified by the donor may desire to report the results of total campaign efforts to the users of financial statements. Although the receipt of the transferred assets is an inflow of assets from activities that constitute the entity's ongoing major or central operations, that inflow is accompanied by an offsetting liability to the specified beneficiary. Consequently, the receipt of the transferred assets is not revenue. ##### [605-958-45-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:42.182Z to 2026-09-10T00:51:42.182Z Record version: sha256:ac729b90a74e3b5845b3b0e0fb6e43d2e2e201fd8f20be759eab3bd86c2ed28f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To the extent that an NFP's activities include raising and distributing cash, the total amounts raised and distributed may be evident from a statement of cash flows prepared using the direct method for reporting operating cash flows. In addition, generally accepted accounting principles (GAAP) do not preclude entities from providing supplementary information or additional disclosures. An NFP may provide a schedule reflecting fundraising efforts or campaign accomplishments or may disclose total amounts raised on the statement of activities, provided that amounts raised in an [agent](https://asc.understandingaccounting.org/glossary/a/#agent "An entity that acts for and on behalf of another. Although the term agency has a legal definition, the term is used broadly to encompass not only legal agency, but also the relationships described in Topic 958. A recipient entity acts as an agent for and on behalf of a donor if it receives assets from the donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a specified beneficiary. A recipient entity acts as an agent for and on behalf of a beneficiary if it agrees to solicit assets from potential donors specifically for the beneficiary's use and to distribute those assets to the beneficiary. A recipient entity also acts as an agent if a beneficiary can compel the recipient entity to make distributions to it or on its behalf."), [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "An entity that has a duty to hold and manage assets for the benefit of a specified beneficiary in accordance with a charitable trust agreement. In some states, not-for-profit entities (NFPs) are organized under trust law rather than as corporations. Those NFPs are not trustees as defined because, under those statutes, they hold assets in trust for the community or some other broadly described group, rather than for a specific beneficiary."), or [intermediary](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor.") capacity are not shown as revenues. See Example 3 (paragraph [958-220-55-8](https://asc.understandingaccounting.org/asc/220/958/#220-958-55-8)) for an illustration of three possible methods of displaying fundraising efforts in the revenue section of a statement of activities. Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:ba7ebd9a8d9e06d0090e6e470799b7f0bd1d11c9cce1602977d827fe10cd9c5e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/958/#50-disclosure) SEC content: no ### Contributions Received ##### [605-958-50-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:20c47dba0a63385ec919133a391f275fc96c836bbd2479aac2d5089de049d01c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-07](https://asc.understandingaccounting.org/updates/asu-2020-07/). #### Contributed Nonfinancial Assets ##### [605-958-50-1A](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-1A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:ac950d6435355b0768366c0039e70b5e127d39c43d5c0ce972f9ed63fb33d2b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) shall disclose in the notes to financial statements a disaggregation of the amount of contributed [nonfinancial assets](https://asc.understandingaccounting.org/glossary/n/#nonfinancial-asset "An asset that is not a financial asset. Nonfinancial assets include land, buildings, use of facilities or utilities, materials and supplies, intangible assets, or services.") recognized within the statement of activities by category that depicts the type of contributed nonfinancial assets. For each category of contributed nonfinancial assets, an NFP also shall disclose the following: 1. a Qualitative information about whether contributed nonfinancial assets were either monetized or utilized during the reporting period. If utilized, a description of the programs or other activities in which those assets were used shall be disclosed. 2. b The NFP's policy (if any) about monetizing rather than utilizing contributed nonfinancial assets. 3. c A description of any [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") associated with the contributed nonfinancial assets. 4. d A description of the valuation techniques and inputs used to arrive at a [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") measure in accordance with paragraph [820-10-50-2(bbb)(1)](https://asc.understandingaccounting.org/asc/820/10/#820-10-50-2), at initial recognition. 5. e The [principal market](https://asc.understandingaccounting.org/glossary/p/#principal-market "The market with the greatest volume and level of activity for the asset or liability.") (or [most advantageous market](https://asc.understandingaccounting.org/glossary/m/#most-advantageous-market "The market that maximizes the amount that would be received to sell the asset or minimizes the amount that would be paid to transfer the liability, after taking into account transaction costs and transportation costs.")) used to arrive at a fair value measure if it is a market in which the recipient NFP is prohibited by a donor-imposed restriction from selling or using the contributed nonfinancial assets. See paragraph [958-605-50-1B](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-1B) for additional disclosures for contributed services. #### Contributed Services ##### [605-958-50-1B](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-1B) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:d235ebd441ef7830ab148faefe688defa0103cb64091d953533375cc01fcf5dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity (NFPs and business entities) that receives contributed services shall describe the programs or activities for which those services were used, including the nature and extent of contributed services received for the period and the amount recognized as revenues for the period. Entities are encouraged to disclose the fair value of contributed services received but not recognized as revenues if that is practicable. The nature and extent of contributed services received can be described by nonmonetary information, such as the number and trends of donated hours received or service outputs provided by volunteer efforts, or other monetary information, such as the dollar amount of [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") raised by volunteers. Disclosure of contributed services is required regardless of whether the services received are recognized as revenue in the financial statements. #### Accounting Policies ##### [605-958-50-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:4b823659f8c7b47fe488a4ade04181883e9df686eee0b7d68a2438c7d19f4942 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When a [not-for-profit entity (NFP)](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") chooses to report donor-restricted [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.")whose restrictions are met in the same reporting period as support within [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") in accordance with paragraph [958-605-45-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-4), it shall disclose its accounting policy. ##### [605-958-50-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:1a219c0cbae86440712c3cc4c4aef1a19759c3498de04c503d88f031a5c22c98 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-14](https://asc.understandingaccounting.org/updates/asu-2016-14/). ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others #### Intermediary or Agent ##### [605-958-50-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:560a156ec906db6780e226047f7f299c047d6fd53b358ab6c71ae0bd205586c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An [intermediary](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor.") or other [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") shall disclose its accounting policy for recognizing [nonfinancial assets](https://asc.understandingaccounting.org/glossary/n/#nonfinancial-asset "An asset that is not a financial asset. Nonfinancial assets include land, buildings, use of facilities or utilities, materials and supplies, intangible assets, or services.") that it accepts from a donor on behalf of a specified beneficiary. ##### [605-958-50-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:fa1a66a1f6e18590b47ec5ce36ab7e6624c89de9ac7ed10caa35966d8362a9a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Additional information about transactions in which a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) acts as an [agent](https://asc.understandingaccounting.org/glossary/a/#agent "An entity that acts for and on behalf of another. Although the term agency has a legal definition, the term is used broadly to encompass not only legal agency, but also the relationships described in Topic 958. A recipient entity acts as an agent for and on behalf of a donor if it receives assets from the donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a specified beneficiary. A recipient entity acts as an agent for and on behalf of a beneficiary if it agrees to solicit assets from potential donors specifically for the beneficiary's use and to distribute those assets to the beneficiary. A recipient entity also acts as an agent if a beneficiary can compel the recipient entity to make distributions to it or on its behalf."), [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "An entity that has a duty to hold and manage assets for the benefit of a specified beneficiary in accordance with a charitable trust agreement. In some states, not-for-profit entities (NFPs) are organized under trust law rather than as corporations. Those NFPs are not trustees as defined because, under those statutes, they hold assets in trust for the community or some other broadly described group, rather than for a specific beneficiary."), or intermediary may be required to be disclosed under Topic 850. #### Transfer Specifying Transferor or Its Affiliate as Beneficiary ##### [605-958-50-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:45.621Z to 2026-09-10T00:51:45.621Z Record version: sha256:115ff1e3ea5cd9efe71d90641bcf3da745d2b1cda6ed82e03ba3b321ea0bfe28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an NFP transfers assets to a recipient entity and specifies itself or its [affiliate](https://asc.understandingaccounting.org/glossary/a/#affiliate "A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with an entity. See Control.") as the beneficiary, it shall disclose the following information for each period for which a statement of financial position is presented: 1. a The identity of the recipient entity to which the transfer was made 2. b Whether [variance power](https://asc.understandingaccounting.org/glossary/v/#variance-power "The unilateral power to redirect the use of the transferred assets to another beneficiary. A donor explicitly grants variance power if the recipient entity's unilateral power to redirect the use of the assets is explicitly referred to in the instrument transferring the assets. Unilateral power means that the recipient entity can override the donor's instructions without approval from the donor, specified beneficiary, or any other interested party.") was granted to the recipient entity and, if so, a description of the terms of the variance power 3. c The terms under which amounts will be distributed to the resource provider or its affiliate 4. d The aggregate amount recognized in the statement of financial position for those transfers and whether that amount is recorded as an interest in the net assets of the recipient entity or as another asset (for example, as a beneficial interest in assets held by others or a refundable advance). Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:3ea113f8b3b77a536b81e73e4af689355a9891e71cfa4d94f311cdafebddad7c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/958/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-958-55-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:f81fed91d60b4a005990f1def056a58c9ef7e59334c619a9008101333bee7dbb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used in distinguishing [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") from exchange transactions, including membership dues and [agency transactions](https://asc.understandingaccounting.org/glossary/a/#agency-transaction "A type of exchange transaction in which the reporting entity acts as an agent, trustee, or intermediary for another party that may be a donor or donee."). ##### [605-958-55-1A](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-1A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e4abfca9629641441f1b55f5a407f6f4edf035ceb36b636d1feabae4f7e90aca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following diagram illustrates the process for determining whether a transfer of assets to a recipient is a contribution, an exchange transaction, or another type of transaction and whether a contribution is conditional. The diagram also illustrates whether there is an associated donor restriction with a contribution. - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-601D41EE-6C65-45FF-BCA4-AAF7D8694239-low.gif) Is the transaction one in which each party directly receives commensurate value? It is an exchange transaction. Apply Topic 606 on revenue from contracts with customers or other applicable Topics. Is the payment a transfer of assets that is part of an existing exchange transaction between a recipient and an identified customer or another transaction outside the scope of contributions received (see paragraph 958-605-15-6)? Outside the scope of this Subtopic. Apply other Topics. It is a nonreciprocal transaction. Apply contribution (nonexchange) guidance. Is there a donor-imposed condition or conditions present (a barrier and a right of return/right of release must exist)? It is conditional. Recognize revenue when the condition or conditions are met. It is unconditional. Recognize revenue in appropriate net asset class. Are restrictions present (that is, limited purpose or timing)? It is unconditional and with donor restrictions. It is unconditional and without donor restrictions. #### Implementation Guidance ##### [605-958-55-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:38cc78ca67dc0dda83a1c921f611de0b7cd9e766ace84bc0c7ab42275a5887b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The accounting and reporting of grants, membership dues, and sponsorships is determined by the underlying substance of the transaction. Those terms are broadly used to refer not only to contributions but also to assets transferred in exchange transactions. A grant, sponsorship, or membership may be entirely a contribution, entirely an exchange, or a combination of the two; therefore, care must be taken in evaluating each grant, sponsorship, or membership agreement. In addition, those resource transfers may also have the characteristics of agency transactions. ##### [605-958-55-2A](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-2A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:d0ad6fed18b9d901a131db78463898fc4e608e432c1aa7272c2cbfe28f491a11 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The implementation guidance is organized as follows: 1. a Distinguishing contributions from exchange transactions (see paragraphs [958-605-55-3A through 55-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-3A) ) 2. b Distinguishing the contribution portion of membership dues (see paragraphs [958-605-55-9 through 55-12](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-9) ) 3. c Distinguishing contributions from agency transactions (see paragraph [958-605-55-13](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-13)). ##### [605-958-55-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:137be1924644df399b62f967e1257f82fe8fbdd7d96a9f384b99c831b9dfe1e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-08](https://asc.understandingaccounting.org/updates/asu-2018-08/). ##### [605-958-55-3A](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-3A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:6379e666f12562c2cb89d09e73be98b89d03f73be12e5d5801512436c3469df2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic about distinguishing between contributions and exchange transactions applies to both a resource provider (for example, a corporate foundation, a corporation, or a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") \[NFP\]) and a recipient. ##### [605-958-55-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:f1e9f7a8892c3ed008529d49ad10acf1596c70904726c516a3c60119871f5fb3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Foundations, business entities, and other types of entities may provide resources to NFPs or business entities under programs referred to as grants, awards, or sponsorships. Those asset transfers are contributions if the resource providers do not receive commensurate value in exchange for the assets transferred or if the value received by the resource providers is incidental to the potential public benefit from using the assets transferred. A grant made by a resource provider to an NFP would likely be a contribution if the activity specified by the grant is to be planned and carried out by the NFP and the NFP has the right to the benefits of carrying out the activity. If, however, the grant is made by a resource provider that provides materials to be tested in the activity and that retains the right to any patents or other results of the activity, the grant would likely be an exchange transaction. A careful assessment of the characteristics of the transaction, from the perspectives of both the resource provider and the recipient, is necessary to determine whether a contribution has occurred. ##### [605-958-55-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:f9c2eb75b1e90af693eebe424df23fc706f3df0c315b33426413d8dcf93511e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For example, a resource provider may sponsor research and development activities at a research university and retain proprietary rights or other privileges, such as patents, copyrights, or advance and exclusive knowledge of the research outcomes. The research outcomes may be intangible, uncertain, or difficult to measure, and may be perceived by the university as a sacrifice of little or no value; however, their value often is commensurate with the value that a resource provider expects in exchange. Similarly, a resource provider may sponsor research and development activities and specify the protocol of the testing so the research outcomes are particularly valuable to the resource provider. Those transactions are not contributions if their potential public benefits are secondary to the potential proprietary benefits to the resource providers. ##### [605-958-55-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:942c4f71226c360e6b7399f4ac65a91a27920c30a7a37550f601a21b988523d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Moreover, a single transaction may be in part an exchange and in part a contribution. For example, if a donor transfers a building to an entity at a price significantly lower than its fair value and no unstated rights or privileges are involved, the transaction is in part an exchange of assets and in part a contribution to be accounted for as required by the Contributions Received Subsections of this Subtopic. See paragraphs [958-720-45-18 through 45-19](https://asc.understandingaccounting.org/asc/720/958/#720-958-45-18) for premiums provided to donors and Example 4 (paragraphs [958-220-55-11 through 55-15](https://asc.understandingaccounting.org/asc/220/958/#220-958-55-11) ) for direct benefits provided to donors at special events. ##### [605-958-55-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ea5dbb90a230db1d69fb03398c12461813dacae46492d974f5e5b0b130255362 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Example 1 (see paragraph [958-30-55-2](https://asc.understandingaccounting.org/asc/958/30/#958-30-55-2)) and paragraphs [958-605-55-13A through 55-14I](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-13A) illustrate the need to assess the relevant facts and circumstances to distinguish between the receipt of resources in an exchange and the receipt of resources in a contribution. ##### [605-958-55-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e353e1af0813b5677ade0f3799112dffee06bcb6afbf295d85e75775336e2d71 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-08](https://asc.understandingaccounting.org/updates/asu-2018-08/). ##### [605-958-55-9](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ff5686e947a3316525c2619daca4a93cb778e0a59b17d7dc577a891417fec571 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The term _members_ is used broadly by some NFPs to refer to their donors and by other NFPs to refer to individuals or other entities that pay dues in exchange for a defined set of benefits. Some NFPs receive dues from their members. These transfers often have elements of both a contribution and an exchange transaction because members receive tangible or intangible benefits from their membership in the NFP. Usually, the determination of whether membership dues are contributions rests on whether the value received by the member is commensurate with the dues paid. ##### [605-958-55-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:d393b2720793c48d65c9a61d71895ff461956a9983d334ac578ce484bbde17cc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For example, if an NFP has annual dues of $100 and the only benefit members receive is a monthly newsletter with a [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") of $25, $25 of the dues are received in an exchange transaction and should be recognized as revenue as the earnings process is completed and $75 of the dues are a contribution. (See paragraph [958-605-25-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-1) for recognition of the exchange portion of membership dues. See the Contributions Received Subsections of this Subtopic for the reporting of the contribution portion.) ##### [605-958-55-11](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e1dadc0f4fafd35520ebfac90bf7a16d5a43cf0f5e44a94cd2fa8d970f96b769 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Member benefits generally have value regardless of how often (or whether) the benefits are used. For example, most would agree that a health club membership is an exchange transaction, even if the member stops using the facilities before the completion of the membership period. It may be difficult, however, to measure the benefits members receive and to determine whether the value of those benefits is approximately equal to the dues paid by the members. ##### [605-958-55-12](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:3f43c6e208ae266a0d757957f40d27dc17d6264b032d31f5e7df8564444a73c9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table contains a list of indicators that may be helpful in determining whether membership dues are contributions, exchange transactions, or a combination of both. Depending on the facts and circumstances, some indicators may be more significant than others; however, no single indicator is determinative of the classification of a particular transaction. - Indicators Useful for Determining the Contribution and Exchange Portions of Membership Dues ![ ](https://asc.understandingaccounting.org/asc-img/GUID-81D7D693-CD93-4566-9312-4E17B4AF1479-low.gif) Indicator Contribution Exchange Transaction Recipient not-for-profit entity's (NFP's) expressed intent concerning purpose of dues payment The request describes the dues as being used to provide benefits to the general public or to the NFP's service beneficiaries. The request describes the dues as providing economic benefits to members or to other organizations or individuals designated by or related to the members. Extent of benefits to members The benefits to members are negligible. "The substantive benefits to members (for example, publications, admissions, educational programs, and special events) may be available to nonmembers for a fee." NFP's service efforts The NFP provides service to members and nonmembers. The NFP benefits are provided only to members. Duration of benefits The duration is not specified. The benefits are provided for a defined period; additional payment of dues is required to extend benefits. Expressed agreement concerning refundability of the payment The payment is not refundable to the resource provider. The payment is fully or partially refundable if the resource provider withdraws from membership. Qualifications for membership Membership is available to the general public. "Membership is available only to individuals who meet certain criteria (for example, requirements to pursue a specific career or to live in a certain area)." ##### [605-958-55-13](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:8536137f44ffe6b4e07b407d2938151f928e7454741d17883a72ebb3cf8a31d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A transfer of assets may appear to be a contribution if a donor uses a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") as its intermediary, agent, or trustee to transfer assets to a third-party donee, particularly if the recipient entity indirectly achieves its mission by disbursing the assets. Although the transaction between the donor and the donee may be a contribution, the transfer of assets from the donor is not a contribution received by the recipient entity, and the transfer of assets to the donee is not a contribution made by the recipient entity. (See the [Transfers of Assets to a Not-for-Profit Entity or Charitable Trust that Raises or Holds Contributions for Others](https://asc.understandingaccounting.org/updates/page-2147480428/) Subsection of this Section for implementation guidance on and illustrations of agency transactions.) #### Illustrations ##### [605-958-55-13A](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-13A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:2da813588f72635f33c8bccfd33750d84b4c2cb59676b5172c91046e3edf617a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Examples 1 through 5 illustrate the guidance in Section 958-605-15 for determining whether a transaction is an exchange or a contribution. The analysis in each Example is not intended to represent the only manner in which the guidance could be applied, and the Examples are not intended to apply to only a specific illustration. Although some aspects of the Examples may be present in actual fact patterns, all relevant facts and circumstances of a particular fact pattern should be evaluated when applying the guidance in this Subtopic. The guidance in these Examples about distinguishing between contributions and exchange transactions applies to both a resource provider (for example, a corporate foundation, a corporation, or an NFP) and a recipient. ##### [605-958-55-14](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:56d9e93b0b94d45e9a7c19b43b74b3cbf240e509b2b9affac62e3eb2ac0c6d2a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Not-for-Profit Entity A (NFP A) is a large research university with a cancer research center. NFP A regularly conducts research to discover more effective methods of treating cancer and often receives contributions to support its efforts. NFP A receives resources from a pharmaceutical entity to finance the costs of a clinical trial of an experimental cancer drug the pharmaceutical entity developed. The pharmaceutical entity specifies the protocol of the testing, including the number of participants to be tested, the dosages to be administered, and the frequency and nature of follow-up examinations. The pharmaceutical entity requires a detailed report of the test outcome within two months of the test's conclusion. Additionally, the rights to the results of the study belong to the pharmaceutical entity. ##### [605-958-55-14A](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:6be6af67240af4cb63cb32de1e2621dadb58c2fce1d49bc4d565319cda25f08e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because the results of the clinical trial have particular commercial value for the pharmaceutical entity, the pharmaceutical entity is receiving commensurate value as the resource provider. Therefore, the receipt of the resources is not a contribution received by NFP A, nor is the disbursement of the resources a contribution made by the pharmaceutical entity. See paragraph [958-605-15-5A](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-5A). ##### [605-958-55-14B](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14B) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:7d326119c46010df64477670ff9deb0812e85b0d2761f3f2ff114bc218cb10af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Student L is enrolled at University A. Student L's total tuition charged for the semester is $30,000. Student L received a grant in the amount of $2,000 to use toward the tuition fee, which is paid directly by the grantor to University A. ##### [605-958-55-14C](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14C) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e9db6dc40dbcb7df47ac61bbc4530fcbdcb9b528c8504226b4efe32e337d2dc2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The grant was awarded to Student L, not to University A. University A entered into an exchange transaction with Student L and accounts for the $30,000 of revenue in accordance with the guidance in the appropriate Subtopic. The $2,000 grant does not create additional revenue but, rather, serves as a partial payment against the $30,000 due to University A. Student L is an identified customer of University A who is receiving the benefit from the grant transaction. See paragraph [958-605-15-6(e)](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-6). ##### [605-958-55-14D](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14D) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:f573528682245ed82a9bff225fb39b0f4f08cfd034e1a5e04ced72b2ed00d2d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Patient R is a patient at Hospital B. The total amount due for services rendered is $10,000. Patient R has Medicare, and it covers $8,000 of the services, which is paid directly by the government to Hospital B. Hospital B bills Patient R for $2,000. ##### [605-958-55-14E](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14E) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:3313c4dea6fb5576044222cc69ccefe95be4b44b230603f8108cca33364e5e5d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Medicare is a form of insurance. Hospital B has a contract with a customer (Patient R) and determines that the $10,000 should be accounted for as an exchange transaction in accordance with the guidance in the appropriate Topic. The Medicare payment of $8,000 and Patient R's payment of $2,000 serve as a payment source for services rendered in the amount of $10,000 owed to Hospital B. The payment to Hospital B relates to an existing exchange transaction between Hospital B and an identified customer (Patient R). See paragraph [958-605-15-6(e)](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-6). ##### [605-958-55-14F](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14F) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:b57550d582cdf70d16875d7ae54dc312baa93df970d759beb2dc5d0fb6fd76a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The local government provided funding to NFP C to perform a research study on the benefits of a longer school year. The agreement requires NFP C to plan the study, perform the research, and summarize and submit the research to the local government. The local government retains all rights to the study. ##### [605-958-55-14G](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14G) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:9315d0f4e3f8805c956414ef1a19f1c7034e1501896b232574ebf2c4f2b21b61 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP C concludes that this is a procurement arrangement in which commensurate value is being exchanged between two parties and that it should follow the relevant guidance for exchange transactions. NFP C is to perform a research study for the local government and turn over a summary of the study's findings to the local government. The local government retains the rights to the study. See paragraph [958-605-15-5A(c)](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-5A). ##### [605-958-55-14H](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14H) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:41a6afd4c4dca02730bff23666fc7572a57b5d3e99c3c379c7f0dce6a7871027 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. University D applied for and was awarded a grant from the federal government. University D must follow the rules and regulations established by the Office of Management and Budget of the federal government and the federal awarding agency. University D is required to incur qualifying expenses to be entitled to the assets. Any unspent money during the grant period is forfeited, and University D is required to return any advanced funding that does not have related qualifying expenses. University D also is required to submit a summary of research findings to the federal government, but University D retains the rights to the findings and has permission to publish the findings if it desires. ##### [605-958-55-14I](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-14I) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e522288b45c36ac39261080effd4026e5ce0ef6a867f143a476ad0771e6a24df Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. University D concludes that this grant is not a transaction in which there is commensurate value being exchanged. The federal government, as the resource provider, does not receive direct commensurate value in exchange for the assets provided to University D because University D retains all rights to the research and findings. University D and the public receive the primary benefit of any findings, and the federal government receives an indirect benefit because the research and findings serve the general public. Thus, University D determines that this grant should be accounted for under the contribution guidance in this Subtopic. See paragraph [958-605-15-5A(a)](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-5A). ### Contributions Received #### Implementation Guidance ##### [605-958-55-15](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e5c81de042859442f2e44bba57f5df2a1c1c9353e142db80b6576b129dc67360 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Distinguishing between a condition stipulated by a donor and a restriction on the use of a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") imposed by a donor may require the exercise of judgment. A [donor-imposed condition](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-condition "A donor stipulation (donors include other types of contributors, including makers of certain grants) that represents a barrier that must be overcome before the recipient is entitled to the assets transferred or promised. Failure to overcome the barrier gives the contributor a right of return of the assets it has transferred or gives the promisor a right of release from its obligation to transfer its assets.") depends on whether the agreement includes a barrier that must be overcome before a recipient is entitled to the assets transferred or promised. The agreement also must give either the contributor a right of return of the assets it has transferred or the promisor a right of release from its obligation to transfer assets. Donor-imposed conditions should be substantially met by the entity before the receipt of assets (including contributions receivable) is recognized as a contribution. In contrast to donor-imposed conditions, donor-imposed restrictions limit the use of the contribution, but they do not affect whether the recipient is entitled to the contribution. ##### [605-958-55-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:5822c9770abbd8ac6c28aaf5fee1e8c5ef0a8231ccb77b6d44757108cbce81ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If donor stipulations do not clearly state whether the right to receive or retain payment or take delivery depends on meeting those stipulations, or if those stipulations are ambiguous, distinguishing a [conditional promise to give](https://asc.understandingaccounting.org/glossary/c/#conditional-promise-to-give "A promise to give that is subject to a donor-imposed condition.") from an [unconditional promise to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance.") may be difficult. If the ambiguity cannot be resolved by reviewing the facts and circumstances surrounding the contribution and communicating with the donor, presume that a promise containing [stipulations](https://asc.understandingaccounting.org/glossary/s/#stipulation "A statement by a donor that creates a condition or restriction on the use of transferred resources.") that are not clearly unconditional is a conditional [promise to give](https://asc.understandingaccounting.org/glossary/p/#promise-to-give "A written or oral agreement to contribute cash or other assets to another entity. A promise carries rights and obligations—the recipient of a promise to give has a right to expect that the promised assets will be transferred in the future, and the maker has a social and moral obligation, and generally a legal obligation, to make the promised transfer. A promise to give may be either conditional or unconditional."). However, if the stipulation is not related to the purpose of the agreement (generally stipulations that are administrative or trivial), that stipulation is not indicative of a barrier (for example, a stipulation that an annual report must be provided by the donee to receive subsequent annual payments on a multiyear promise is not a barrier if the administrative requirement is not related to the purpose of the agreement.) ##### [605-958-55-17](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:3b96eabc44e0f49245db4b7300275f6718b57d0392446c7e10fa263f4c8c21c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A challenge (matching) grant is a common form of a conditional promise to give. For example, a resource provider promises to contribute $1 for each $1 of contributions received by a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP), up to $100,000, over the next 6 months. As contributions are received from other resource providers, the conditions would be met and the promise would become unconditional. For example, if $10,000 is received in the first month from donors, $10,000 of the conditional promise would become unconditional and should be recognized as contribution revenue. ##### [605-958-55-17A](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:bdf36178346f6554b90baf25462ac3ceee3ad85ed5b0905c42d947e01700dd50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A donor-imposed condition must have both: 1. a One or more barriers that must be overcome before a recipient is entitled to the assets transferred or promised. 2. b A right of return to the contributor for assets transferred (or for a reduction, settlement, or cancellation of liabilities) or a right of release of the promisor from its obligation to transfer assets (or to reduce, settle, or cancel liabilities). See paragraphs [958-605-55-70A through 55-70T](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70A) for examples. ##### [605-958-55-17B](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17B) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:96b3ea92c7a5596b2eadecbc1524a4d1044fad64229eaec17edb1d9219cb30c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. It is possible that some agreements that do not contain any barriers could contain either a right of return of assets transferred or a right of release from obligation. For example, some foundations include a right-of-return or a right-of-release-from-obligation clause in their agreements as a matter of policy and standard wording but impose no barriers that must be achieved before a recipient is entitled to the resources. The resources would be considered unconditional, and revenue would be recognized immediately. ##### [605-958-55-17C](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17C) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:a799f2022ea7e09c736e0f9429531540d3419f167fb841694345107e4769ade0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Some agreements include multiple requirements that must be overcome before an entity is entitled to transferred assets or a future transfer of assets. An entity must consider facts and circumstances and use judgment to determine which stipulations, if any, of an agreement are deemed to be a barrier or barriers that must be achieved before an entity is entitled to assets. ##### [605-958-55-17D](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17D) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:b14f787cc129f46b6e05af9080dee1375daf620f39bc4f2c2ebbe9ddf473a276 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As described in paragraph [958-605-25-5D](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5D), a measurable performance-related barrier or other measurable barrier may be indicative of a donor-imposed condition. Examples of measurable performance-related barriers or other measurable barriers could include: 1. a Specified level of service. An entity is given assets, and the resource provider stipulates that the assets must be used to provide a specific level of service (for example, 1,000 meals per week for a soup kitchen). The barrier that must be overcome before the recipient is entitled to the resources is the specified level of service that must be achieved. 2. b Specific output or outcome. An entity is given assets, entitlement to which is contingent upon producing a specific output or achieving a measurable outcome stemming from the entity's activities (for example, students achieving a minimum standardized test score, a decline in drop-out rates following an entity's educational efforts, and community residents exhibiting a decline in symptoms of malnutrition following an entity's efforts in providing meals). 3. c Matching. A resource provider specifies the ratio or amount of a matching contribution. The recipient is not entitled to receive the promised assets until it has met the required match (the barrier or hurdle that must be overcome). 4. d Outside event. Agreements may include requirements that are imposed on, and would need to be overcome by, other parties, including the resource provider. A resource provider specifies that a certain outside event needs to occur for the recipient to be entitled to receive the assets (for example, a resource provider promises to contribute a certain amount of assets if the resource provider's net worth reaches a specified level). ##### [605-958-55-17E](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17E) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:0851a310949fcc3aacd76f2e5e9e68189fbdcc935bacbaf1e5a41f10b904ceef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As described in paragraph [958-605-25-5D](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5D), limited discretion may be indicative of a donor-imposed condition. Limited discretion of the recipient on the conduct of an activity is more specific than a donor-imposed restriction. Restrictions limit the use of a contribution to a specific activity or time but do not necessarily place limitations on how the activity is performed. This indicator focuses on limitations concerning specific requirements about how an activity must be conducted for a recipient to be entitled to the resources. For example, an agreement might specify that the recipient should incur qualifying expenses in compliance with established rules and regulations. This is in contrast to a restriction, which typically places limits only on a specific activity that is being funded and does not affect the extent to which a recipient is entitled to the resources (for example, a requirement that a contribution be used to fund one of an organization's programs). ##### [605-958-55-17F](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17F) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:4864c622f750b567a39f502adbbeebec387b25d35512a4d52eefbee7fc0468ec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An indicator noting that a stipulation is related to the purpose of the agreement could be helpful in the context of considering the agreement collectively with the other indicators. If a stipulation is unrelated to the purpose of the agreement (for example, trivial or administrative stipulations), the stipulation would not be indicative of a barrier. If administrative tasks are required that are unrelated to the purpose of the agreement, there most likely would be other requirements that would be more indicative of a barrier that must be overcome before the recipient is entitled to the resources (for example, a specific event or activity to occur). Producing an annual report is a common requirement in contribution agreements; however, the annual report typically is not related to the underlying purpose of the agreement. Generally, a report is administrative in nature and is intended to provide a resource provider with information to confirm that the transferred assets were used in accordance with the purpose of the agreement and is not intended to affect the extent to which the recipient is entitled to the contribution. ##### [605-958-55-18](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:bf86f0401dfbd493ffed6dd9cfebe3ead31b706cccc147b28c5df07ca189112a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A promise to give is a written or oral agreement to contribute cash or other assets to another entity. The Contributions Received Subsections of this Subtopic avoid using the term _pledge_ because that term is used to describe not only promises to give but also plans or intentions to give that are not promises. There are other terms used to describe promises to give such as _subscriptions_, _awards_, _appropriations_, or _grants_. A communication received from a potential donor must be carefully evaluated to determine if it is a promise to give, since a communication that clearly is not a promise is not recognized in the financial statements. ##### [605-958-55-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:3cb2d226fd28e725a0e176a107c5dbe594b8bd90dfb9210863e7725b37fb6d46 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Pursuant to paragraph [958-605-25-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-8), to be recognized in financial statements there must be sufficient evidence in the form of verifiable documentation that a promise to give was made and received. That requirement does not preclude recognition of verifiable oral promises, such as those documented by tape recordings, written registers, or other means that permit subsequent verification. ##### [605-958-55-20](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:76597fb29067af42dc751dbc0e2572e23cde1ec72cdf0e4b6f0d8242cfed668f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Promises to give services generally involve personal services that, if not explicitly conditional, are often implicitly conditioned upon the future and uncertain availability of specific individuals whose services have been promised. ##### [605-958-55-21](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e7dad034098752326c10ade5634ecaf139fa46df4c9f6e21c54d43781d2ff59d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Certain promises become unconditional in stages because they are dependent on several or a series of conditions—milestones—rather than on a single condition and are recognized in increments as each of the conditions is met. Similarly, other promises are conditioned on promisees' incurring certain qualifying expenses (or costs). Those promises become unconditional and are recognized to the extent that the expenses are incurred. A portion of those [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") should be recognized as revenue as each of those stages is met. ##### [605-958-55-22](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:bc5ed9db4290739fab7ca6635c41ddc02f984e043ceb5dd0f272f4fd74dd4a76 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The present value of the future cash flows is one valuation technique for measuring the [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") of contributions arising from unconditional promises to give cash; other valuation techniques also are available, as described in Topic 820. The following table illustrates the use of present value techniques for initial recognition and measurement of unconditional promises to give cash that are expected to be collected one year or more after the financial statement date. - Initial Recognition of Unconditional Promises to Give Cash ![](https://asc.understandingaccounting.org/asc-img/GUID-B5193363-1BAD-4690-8DE4-ED45A6DFA3B1-low.gif) Facts "Assume that a not-for-profit entity receives a promise (or promises from a group of homogeneous donors) to give $100 in five years, that the anticipated future cash flows from the promise(s) are $70, and that the present value of the future cash flows is $50." Solution dr. Contributions Receivable $70 cr. Contribution Revenue—Donor-Restricted Support $50 cr. Discount on Contributions Receivable $20 (To report contributions receivable and revenue using a present value technique to measure fair value.) Note: Some entities may use a subsidiary ledger to retain information concerning the $100 face amount of contributions promised in order to monitor collections of contributions promised. ##### [605-958-55-23](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:9b446b9b26ac52debe2f0bfaed2fece2b0979c8a713d314e94ef5d8f85244628 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The use of property, utilities, or advertising time is considered to be forms of contributed assets, rather than contributed services. Pursuant to paragraph [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2), an NFP would recognize the fair value of the use of property, utilities, or advertising time as both revenue and expense in the period received and used. Fair value could be estimated by using billing rates normally charged to other customers under similar circumstances. Whether those [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") should be reported is unaffected by whether the NFP could afford to purchase the utilities or facilities at their fair value. If the transaction is an unconditional promise to give electric, telephone, or other utilities for a specified number of periods, the promise should be reported as a [contribution receivable](https://asc.understandingaccounting.org/glossary/c/#contributions-receivable "Contributions receivable are the amounts due, as of the date of the financial statements, to the plan from employers, participants, and other sources of funding (for example, state subsidies or federal grants). They include amounts due pursuant to firm commitments, as well as legal or contractual requirements.") and as [donor-restricted support](https://asc.understandingaccounting.org/glossary/d/#donor-restricted-support "Donor-restricted revenues or gains from contributions that increase net assets with donor restrictions (donors include other types of contributors, including makers of certain grants).") that increases [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants)."), pursuant to paragraph [958-605-25-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-8). ##### [605-958-55-24](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:aab0ee3bbc9658da72304ebb17c49c07ea154030097d14a42fcfaeb778d035ba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Unconditional promises to give the use of long-lived assets (such as a building or other facilities) for a specified number of periods in which the donor retains legal title to the long-lived asset may be received in connection with leases or may be similar to leases but have no lease payments. For example, an NFP may use facilities under a lease agreement that calls for lease payments at amounts below the fair rental value of the property. In circumstances in which an NFP receives an unconditional promise to give for a specified number of periods, the promise should be reported as revenue and as a contribution receivable for the difference between the fair rental value of the property and the stated amount of the lease payments. In other words, if a donor promises that the NFP can use a facility for 10 years, the NFP has received a multiyear promise to give and should report the fair value of that promise as a contribution with a [donor-imposed restriction](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") in Year 1. Amounts reported as contributions shall not exceed the fair value of the long-lived asset at the time the NFP receives the unconditional promise to give. The contribution receivable may be described in the financial statements based on the item whose use is being contributed, such as a building, rather than as contributions receivable. ##### [605-958-55-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-25) Pending content: yes Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:80df9014a1ac724e6cb2924f5216dfcd58ad5e15d7d922980458d26804383995 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Property and equipment used in exchange transactions (other than lease transactions), such as federal contracts, in which the resource provider retains legal title during the term of the arrangement should be reported as a contribution at fair value at the date received by the NFP only if it is probable that the NFP will be permitted to keep the assets when the arrangement terminates. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [105-10-65-10](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-10)[Paragraph superseded by Accounting Standards Update No. 2025-12.](https://asc.understandingaccounting.org/updates/asu-2025-12/) ##### [605-958-55-26](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ed9dd55d0a33fe9b1a2d733badafcfcdfc16a75a4160cdd651df1f358ccf6192 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contributions are received in several different forms. Most often the item contributed is an asset, but it also can be forgiveness of a liability. The types of assets commonly contributed include cash, marketable securities, land, buildings, use of facilities or utilities, materials and supplies, intangible assets, other goods or services, and unconditional promises to give those items in the future. The [Contributions Received Subsection](https://asc.understandingaccounting.org/updates/page-2147480553/) of Section 958-605-30 requires NFPs receiving contributions to recognize them at the fair values of the assets received. However, recognition of contributions of works of art, historical treasures, and similar assets is not required if the donated items are added to collections (see paragraph [958-360-25-1](https://asc.understandingaccounting.org/asc/360/958/#360-958-25-1)), and recognition of contributions of services is prohibited if the services do meet any of the criteria in paragraph [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16). ##### [605-958-55-27](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:6c2371b69711b6ab95436887cee3248ccc3bf61e306648792b88bbe25b14201f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Examples 1 through 6 (see paragraphs [958-605-55-32 through 55-51](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-32) ) provide illustrations on different types of contributed assets, including the following: 1. a Real property 2. b Works of art 3. c Historical objects 4. d Utilities 5. e Use of property 6. f Interest in an estate. ##### [605-958-55-28](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:d638c3a268c71d79a4646aa8e6898c04abeb78b018688adb334b623ab03a76fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Recognition of contributions of services is required for those contributed services received that meet any of the specified conditions of paragraph [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) and is precluded for contributed services that do not. The criterion in paragraph [958-605-25-16(b)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16)requires that recognized services be [specialized skills](https://asc.understandingaccounting.org/glossary/s/#specialized-skills "Services that require expertise that is not possessed by most members of the general public or that require an individual to be licensed to practice the profession or craft.") provided by individuals possessing those skills. An individual who receives some training does not necessarily possess a specialized skill. For example, if a volunteer receives some training from an NFP to learn how to help other people learn to read, that volunteer does not possess the specialized skills that a reading teacher possesses. ##### [605-958-55-29](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:cc942693868da074c5788227115768d01113f0f42404fc0d56ca281657741e38 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Examples 7 through 11 (see paragraphs [958-605-55-52 through 55-65](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-52) ) provide illustrations on different types of contributed services, including the following: 1. a Construction services 2. b Teaching services 3. c Board of trustee services 4. d Companion services 5. e Fundraising services. ##### [605-958-55-30](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:75fabef3e73c573e28d7957a68ff5d7d4c50e9088c750e791d8f5b5392667629 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [275-10-50-18](https://asc.understandingaccounting.org/asc/275/10/#275-10-50-18) for guidance on disclosures about risk concentrations. ##### [605-958-55-31](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:68b5e4ad055ab5e350f2d9d0283d934432f8f7e9ed078df1e65cc142a815de0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Example 12 (see paragraph [958-605-55-69](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-69)) illustrates the situation in which an NFP relies on specific donors for contributions. #### Illustrations ##### [605-958-55-32](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:5d703934ea427256b88f0b096b9322b03e2201c2fb76c14fde89f7e732bebb88 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2) and [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2). ##### [605-958-55-33](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:541fb7f30d048f9f0c373e5866dd5d9a5b75f1eb4cd955fda11e1a99a72cd961 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Mission A, a religious NFP, receives a building (including the land on which it was constructed) as a gift from a local corporation with the understanding that the building will be used principally as an education and training center for Mission A's members or for any other purpose consistent with Mission A's plans. ##### [605-958-55-34](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e99e9247f7802e87976f1b6e10b6f76953397082a8962856d4f02dc5a3b318c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Mission A would recognize the contributed property as an asset and as support and measure that property at its fair value (see paragraph [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2)). Information necessary to estimate the fair value of that property could be obtained from various sources, including amounts recently paid for similar properties in the locality, and estimates of its replacement cost adjusted to reflect the price that would be received for the contributed property. This [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") is revenue without donor restrictions because the donated assets may be used for any purpose and the donor did not impose a time restriction. ##### [605-958-55-35](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:00459b1f0991247973e40f197f31fd0bbc6ea20ef590dc4df7db301f90fa7602 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraph [958-605-25-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-19). ##### [605-958-55-36](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:6310af871cf65d720888b8970ef87c95b4393f59dd8305c80bf8ff5a8992788d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Museum B, which preserves its collections as described in paragraph [958-605-25-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-19), receives a gift of a valuable painting from a donor. The donor obtained an independent appraisal of the fair value of the painting for tax purposes and furnished a copy to the museum. The museum staff evaluated the painting to determine its authenticity and worthiness for addition to the museum's collection. The staff recommended that the gift be accepted, adding that it was not aware of any evidence contradicting the fair value provided by the donor and the donor's appraiser. ##### [605-958-55-37](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:a33346d8eb6d28798e37588ed8766cc14c4292d9fbe995c3302d5e2a95abb77f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If Museum B capitalizes its collections, Museum B would recognize the fair value of the contributed work of art received as revenue and capitalize it as an asset at its fair value (see paragraph [958-605-25-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-19)). If Museum B does not capitalize its collections, Museum B is precluded from recognizing the [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") (see that paragraph) and would provide the information required by paragraphs [958-360-45-3](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-3) and [958-360-45-5](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-5). ##### [605-958-55-38](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e08fd506a682079d2d97e13c880937a19a8408191256bb070d150a26cc53c8d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If Museum B accepted the painting with the donor's understanding that it would be sold rather than added to its collection, Museum B would recognize the contribution of the painting received as revenue without donor restrictions and as an asset at its fair value (see paragraphs [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2) and [958-605-45-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-6)). ##### [605-958-55-39](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:34fe01cb3c5a3659686fb75fe9bc5896b1e2582da5e89c8b9bbd51c07fe5362c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraph [958-605-25-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-19). ##### [605-958-55-40](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:4e763ffb0e49dc839549ee78fb82628d3ebd983d8bc18ae5f25717db81c18c79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Historical Society C receives several old photographs as a gift from a long-time local resident. The photographs depict a particular area as it was 75 years ago. After evaluating whether the photographs were worthy of addition to the historical society's [collection](https://asc.understandingaccounting.org/glossary/c/#collections "Works of art, historical treasures, or similar assets that meet all of the following criteria: They are held for public exhibition, education, or research in furtherance of public service rather than financial gain. They are protected, kept unencumbered, cared for, and preserved. They are subject to an organizational policy that requires the use of proceeds from items that are sold to be for the acquisitions of new collection items, the direct care of existing collections, or both. Collections generally are held by museums; botanical gardens; libraries; aquariums; arboretums; historic sites; planetariums; zoos; art galleries; nature, science, and technology centers; and similar educational, research, and public service organizations that have those divisions; however, the definition is not limited to those entities nor does it apply to all items held by those entities."), the staff concluded the photographs should be accepted solely because of their potential historical and educational use; that is, the photographs may be of interest to future researchers, historians, or others interested in studying the area. The photographs are not suitable for display and no alternative use exists. ##### [605-958-55-41](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:861409cd0a4cab8c18c71f2023d0161957b8f4ab8fb1ba51da42144edee27500 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Regardless of whether Historical Society C capitalizes its collections, Historical Society C would not recognize the contributed photographs as assets because there is major uncertainty about the existence of value and no alternative use exists (see paragraph [958-605-25-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-4)). ##### [605-958-55-42](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:09e2e95db90790fa343cc105251c809c33076370a7dd2254543073dbbcacea79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2) and [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2). ##### [605-958-55-43](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:dbb74905de7ae5c863179951b78fd704a991dd04414040424c76a914abf1e742 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Foundation D operates from a building it owns. The holding company of a local utility has been contributing electricity on a continuous basis subject to the donor's cancellation. ##### [605-958-55-44](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:820ae6bb0b57214ece5c611376755f067865d2d0f77d79f518638a3adb134fb5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The simultaneous receipt and use of electricity or other utilities is a form of contributed assets and not services. Foundation D would recognize the fair value of the contributed electricity as both revenue and expense in the period it is received and used (see paragraph [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2)). Foundation D could estimate the fair value of the electricity received by using rates normally charged to a consumer of similar usage requirements. ##### [605-958-55-45](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:558588f3eeb40512aa08e0c42090e6cf9ae24342868d65ed9c390f37481501f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2) and [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2). ##### [605-958-55-46](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-46) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:517c0b8c1dc5813796b1f54667ff5711192c446e1f169f246b7a4472039c8cea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Charity E receives the free use of 10,000 square feet of prime office space provided by a local entity. The local entity has informed Charity E that it intends to continue providing the space as long as it is available, and although it expects it would be able to give the charity 30 days advance notice, it may discontinue providing the space at any time. The local entity normally rents similar space for $14 to $16 annually per square foot, the going market rate for office space in the area. Charity E decides to accept this gift—the free use of office space—to conduct its daily central administrative activities. ##### [605-958-55-47](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-47) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:d1f423cbb17b2439cba731fda9bfd2f5e2163c7bead964725b0900ee544931f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The simultaneous receipt and use of facilities is a form of contributed assets and not services. Charity E would recognize the fair value of the contributed use of facilities as both revenue and expense in the period it is received and used (see paragraph [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2)). ##### [605-958-55-48](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-48) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:c73717b6772fe08416a2b04af42943454c72f10a5c4a863b481e2d8586638f90 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the local entity explicitly and unconditionally promises the use of the facility for a specified period of time (for example, five years), the promise would be an unconditional promise to give. In that case, Charity E would recognize the receipt of the unconditional promise as a receivable and as [donor-restricted support](https://asc.understandingaccounting.org/glossary/d/#donor-restricted-support "Donor-restricted revenues or gains from contributions that increase net assets with donor restrictions (donors include other types of contributors, including makers of certain grants).") at its fair value. The donor would recognize the unconditional promise when made as a payable and an expense at its fair value (see paragraph [720-25-25-1](https://asc.understandingaccounting.org/asc/720/25/#720-25-25-1)). ##### [605-958-55-49](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-49) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:fae98d1d54253f341ba91a39d5e86b3203cbec796b5239cb3d6e6a179b46a166 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2) and [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2). ##### [605-958-55-50](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-50) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:18bac72f7eb5dd018f719f925576540b72a9c50b33a6a0e0cd057f8e56ad419a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In 19X0, Individual notifies Church F that she has remembered the church in her will and provides a written copy of the will. In 19X5, Individual dies. In 19X6, Individual's last will and testament enters probate and the probate court declares the will valid. The executor informs Church F that the will has been declared valid and that it will receive 10 percent of Individual's estate, after satisfying the estate's liabilities and certain specific bequests. The executor provides an estimate of the estate's assets and liabilities and the expected amount and time for payment of Church F's interest in the estate. ##### [605-958-55-51](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-51) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:db2ada1ad53085b5a3caabefe29904ec176320600abacda1ef84468bf46d34d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The 19X0 communication between Individual and Church F specified an intention to give. The ability to modify a will at any time prior to death is well established; thus in 19X0 Church F did not receive a promise to give and did not recognize a contribution received. When the probate court declares the will valid, Church F would recognize a receivable and revenue for an unconditional promise to give at the fair value of its interest in the estate (see paragraphs [958-310-35-6](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-6), [958-605-30-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-5), and [958-605-30-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-6)). If the promise to give contained in the valid will was instead conditional based on a barrier that must be overcome for Church F to be entitled to the assets, Church F would recognize the contribution when the condition was substantially met. A conditional promise in a valid will would be disclosed in notes to financial statements (see paragraph [958-310-50-4](https://asc.understandingaccounting.org/asc/310/958/#310-958-50-4)). ##### [605-958-55-52](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-52) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:d12fce13b0c58250a28fc4ccb778465a99451bf579b67b67b14a430ed1d8c3c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) and [958-605-30-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-10). ##### [605-958-55-53](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-53) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:268b63a05ec50ae11e1e3d48d4202af893f5b9d1960d7cc39e2295f9b46bcf1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Institute G decides to construct a building on its property. It obtains the necessary architectural plans and specifications and purchases the necessary continuing architectural services, materials, permits, and so forth at a total cost of $400,000. A local construction entity contributes the necessary labor and equipment. An independent appraisal of the building (exclusive of land), obtained for insurance purposes, estimates its fair value at $725,000. ##### [605-958-55-54](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-54) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:bc575534d5012c79fa4e287ec8407e3d7bf434cdc234c95b5ba1b1902d530179 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Institute G would recognize the services contributed by the construction entity because the contributed services received meet the condition in paragraph [958-605-25-16(a)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) (the services received create or enhance [nonfinancial assets](https://asc.understandingaccounting.org/glossary/n/#nonfinancial-asset "An asset that is not a financial asset. Nonfinancial assets include land, buildings, use of facilities or utilities, materials and supplies, intangible assets, or services.")) or because the services meet the condition in paragraph [958-605-25-16(b)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) (the services require specialized skills, are provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation). Contributions of services that create or enhance nonfinancial assets may be measured by referring to either the fair value of the services received or the fair value of the asset or of the asset enhancement resulting from the services (see paragraph [958-605-30-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-10)). In this Example, the fair value of the contributed services received could be determined by subtracting the cost of the purchased services, materials, and permits ($400,000) from the fair value of the asset created ($725,000), which results in contributed services received of $325,000. Alternatively, the amount the construction entity would have charged could be used if more readily available. ##### [605-958-55-55](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-55) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:07ea1fc3af1b7e27dd6bc317e2536e8b94e930df211fcc691ea52b291b86cfad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If some of the labor did not require specialized skills and was provided by volunteers, those services still would be recognized because they meet the condition in paragraph [958-605-25-16(a)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16). ##### [605-958-55-56](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-56) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:7aff6810a8ab35b2e2ba2b9ad595d93d6b74caf15ddf64e22c15e6b6888ecd47 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) and [958-605-30-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-10). ##### [605-958-55-57](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-57) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:3f3dd725204753b3970de676084ed7f2ba1ff60bcb89337bfbbd812020ed35c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Faculty salaries are a major expense of University H. The faculty includes both compensated faculty members (approximately 80 percent) and uncompensated faculty members (approximately 20 percent) who are associated with religious orders and contribute their services to the university. The performance of both compensated and uncompensated faculty members is regularly and similarly evaluated; both must meet the university's standards and both provide services in the same way. ##### [605-958-55-58](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-58) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:03b0c0309ea4bd0947cbb95bab52098c7da4af91b9dbb0510a8430a5ee57841f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. University H would recognize both revenue and expense for the services contributed by the uncompensated faculty members because the contribution meets the condition in paragraph [958-605-25-16(b)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16). Teaching requires specialized skills; the religious personnel are qualified and trained to provide those skills; and University H typically would hire paid instructors if the religious personnel did not donate their services. University H could refer to the salaries it pays similarly qualified compensated faculty members to determine fair value of the services received. ##### [605-958-55-59](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-59) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:a26daf343d271046842eeef04be4bef6d1c353e6d72e702d2824cd51de0ce780 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Similarly, if the uncompensated faculty members were given a nominal stipend to help defray certain of their out-of-pocket expenses, University H still would recognize both revenue and expense for the services contributed. The contribution received would be measured at the fair value of the services received less the amount of the nominal stipend paid. ##### [605-958-55-60](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-60) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:48890b5c1103b8bebed2f4350b2e83367eaa5cc5b022dbc65f8a3be0c78840bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) and [958-605-30-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-10). ##### [605-958-55-61](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-61) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:c23f6436b00bc7fd6eccb541c7ffb548cd660b203849aa8676be8fe02d24926a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A member of the board of [trustees](https://asc.understandingaccounting.org/glossary/t/#trustee "An entity that has a duty to hold and manage assets for the benefit of a specified beneficiary in accordance with a charitable trust agreement. In some states, not-for-profit entities (NFPs) are organized under trust law rather than as corporations. Those NFPs are not trustees as defined because, under those statutes, they hold assets in trust for the community or some other broadly described group, rather than for a specific beneficiary.") of Civic Organization I is a lawyer and from time to time in the capacity of a trustee provides advice on general business matters, including questions about business opportunities and risks and ethical, moral, and legal matters. The advice provided on legal matters is provided as a trustee in the role of a trustee, not as a lawyer, and the opinions generally are limited to routine matters. Generally, the lawyer suggests that Civic Organization I seek the opinion of its attorneys on substantive or complex legal questions. All of Civic Organization I's trustees serve without compensation, and most trustees have specialized expertise (for example, a chief executive officer, a minister, a physician, a professor, and a public accountant) that makes their advice valuable to Civic Organization I. The trustee-lawyer also serves without compensation as a trustee for two other charitable organizations. ##### [605-958-55-62](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-62) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:da0a6f2bfe950ecc029a6dc1ebf45259b2db763c3e6e34f6d64d36339ad41489 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Civic Organization I would be precluded from recognizing the contributed services it receives from its trustee-lawyer or its other trustees because the services contributed do not meet either of the conditions in paragraph [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16). The condition in (a) in that paragraph is not relevant. The trustee-lawyer's services do not meet the condition in (b) in that paragraph because the substantive or complex legal questions that require the specialized skills of a lawyer are referred to Civic Organization I's attorneys or because the advice provided by trustees typically would not be purchased if not provided by donation. ##### [605-958-55-63](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-63) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:2c1c95bc01acbcf9e3333b686898ba24f4b86e6ac5242c398cf66304d02683a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) and [958-605-30-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-10). ##### [605-958-55-64](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-64) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:dcd3394be560cf714e97bca4c76be5e31ce00dfd5c13f67e4c88c540ed2ab7c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Hospital J provides short-term inpatient and outpatient care and also provides long-term care for the elderly. As part of the long-term care program, the hospital has organized a program whereby local high school students may contribute a minimum of 10 hours a week, from 3:00 p.m. to 6:00 p.m., to the hospital. These students are assigned various duties, such as visiting and talking with the patients, distributing books and magazines, reading, playing chess, and similar activities. Hospital J does not pay for these services or similar services. The services are accepted as a way of enhancing or supplementing the quality of care and comfort provided to the elderly long-term care patients. ##### [605-958-55-65](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-65) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:4d2f017d793e3edd48f5d753628754c90f6dd741f958b5ff779abddf280f1f8d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Hospital J would be precluded from recognizing the contributed services because the services contributed do not meet either of the conditions in paragraph [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16). The condition in (a) in that paragraph is not relevant. The condition in (b) in that paragraph has not been met because the services the students provide do not require specialized skills nor would they typically need to be purchased if not provided by donation. ##### [605-958-55-66](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-66) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:5b88712c09c14e12b54a11af075703a41c3e438d87d61361d6ad8757ee1a97c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the application of the recognition and measurement principles of paragraphs [958-605-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) and [958-605-30-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-10). ##### [605-958-55-67](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-67) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:17e5827d914687ed0de420c204f64cc22c8cafdb08492d5659af2465d02ce1c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. College K conducts an annual fund-raising campaign to solicit contributions from its alumni. In prior years, College K recruited unpaid student volunteers to make phone calls to its alumni. This year, a telemarketing entity, whose president is an alumnus of College K, contributed its services to College K for the annual alumni fundraising campaign. The entity normally provides telemarketing services to a variety of clients on a fee basis. College K provided the entity with a list of 10,000 alumni, several copies of a typed appeal to be read over the phone, and blank contribution forms to record pledges received. The entity contacted most of the 10,000 alumni. ##### [605-958-55-68](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-68) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:b4406aa0b0082438eec9df9b03d8664aa49c3c4f04fc4d92dd02b4a70d2083ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. College K would be precluded from recognizing the contributed services of the telemarketing entity. The condition in paragraph [958-605-25-16(a)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) is not relevant. The condition in paragraph [958-605-25-16(b)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) has not been met because the services do not require specialized skills or because College K typically would not need to purchase the services if they were not provided by donation. College K normally conducts its campaign with untrained students in a manner similar to the manner used by the telemarketing firm. ##### [605-958-55-69](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-69) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:6953ab4cf4f42204383f1281047a52876b36f67d2b228912a34c0da2a8b3cbf5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the disclosure requirements of paragraphs [275-10-50-16](https://asc.understandingaccounting.org/asc/275/10/#275-10-50-16). ##### [605-958-55-70](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:8d1eb0c34e5368f79f9e4354fdc074b22adb00db4f4718c218911fd398649502 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Zebra Zoo is supported by contributions from the public. In the current year, 2 contributors provided 35 percent of Zebra Zoo's combined revenues. The following disclosure is required (see paragraph [275-10-50-16](https://asc.understandingaccounting.org/asc/275/10/#275-10-50-16)) because the two contributors provided a significant portion of Zebra Zoo's revenues. It is always considered reasonably possible that a customer, grantor, or contributor will be lost in the near term. - Approximately 35 percent of Zebra Zoo's combined revenues were provided by 2 contributors. ##### [605-958-55-70A](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:fc21eeab1c49b3a709b4783d978f411212a7ee89424ab0110d8d83d657373c79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Examples 13 through 21 (paragraphs [958-605-55-70C through 55-70T](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70C) ) illustrate how an entity might apply certain aspects of the guidance in this Subtopic in determining whether a contribution is conditional (all fact patterns are considered to be contributions or conditional contributions within the scope of this Subtopic). The analysis in each Example is not intended to represent the only manner in which the guidance could be applied, and the Examples are not intended to apply to only a specific illustration. Although some aspects of the Examples may be present in actual fact patterns, all relevant facts and circumstances of a particular fact pattern would need to be evaluated when applying the guidance in this Subtopic (for guidance on release from restrictions, see Section 958-605-45). Some examples are presented from the perspective of a resource provider (for example, an individual, a business corporation, a foundation, or an other NFP), and other examples are presented from the perspective of a resource recipient. The guidance in this Subtopic on determining whether a contribution is conditional applies to both contributions made by a resource provider and contributions received by a recipient. ##### [605-958-55-70B](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70B) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ee0e2d003cc89c3239bdd3bd024a536fa8de2229119a01584c9b32dad46301b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Many agreements include a requirement that assets must be used for allowable and reasonable qualifying expenses (or costs) that are based on specific requirements of an agreement about the conduct of an activity (for example, in compliance with principles issued by the Office of Management and Budget or other similarly restrictive grant documents) that results in limited discretion by a recipient on the conduct of an activity and, thus, is indicative of a donor-imposed condition. These agreements often are paid on a cost-reimbursement basis that requires a recipient to incur specific qualifying expenses to be entitled to the promised resources. The specific requirements about allowable qualifying expenses are often accompanied by very close cost reporting and monitoring by the resource provider. ##### [605-958-55-70C](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70C) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:14745ff03becf2a4ec7fab301e580e7e63535366c64411fa0bb1a7ca739c432d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Foundation A gives NFP D a grant in the amount of $400,000 to provide specific career training to disabled veterans. The grant requires NFP D to provide training to at least 8,000 disabled veterans during the next fiscal year (2,000 during each quarter), with specific minimum targets that must be met each quarter. Foundation A specifies a right of release from the obligation in the agreement that it will only give NFP D $100,000 each quarter if NFP D demonstrates that those services have been provided to at least 2,000 disabled veterans during the quarter. ##### [605-958-55-70D](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70D) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:9908e79c01c98af2c8f4e6adc45b0e0f0dab05de76bdb785563698d3347beb1e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Foundation A determines that it should account for this grant as conditional. The agreement contains a right of release from obligation because the resource provider will only transfer assets if NFP D provides training to at least 8,000 disabled veterans during the year (with a minimum requirement of 2,000 disabled veterans per quarter) as specified in the agreement. Foundation A requires NFP D to achieve a specific level of service that would be considered a measurable performance-related barrier (in the form of milestones by specifying 2,000 disabled veterans per quarter). In this Example, NFP D's entitlement to the transferred assets is contingent upon serving at least 2,000 disabled veterans. The likelihood of serving at least 2,000 disabled veterans for the quarter is not a consideration from the perspective of either Foundation A or NFP D when assessing whether the contribution contains a barrier and is deemed conditional. ##### [605-958-55-70E](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70E) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:0ceea51766e675de869c2a10af91a9297daeab030a6fe0b5d40262c3e5192bc4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP B is a hospital that has a research program. NFP B receives a $300,000 grant from the federal awarding agency to fund thyroid cancer research. The terms of the grant specify that NFP B must incur certain qualifying expenses (or costs) in compliance with rules and regulations established by the Office of Management and Budget and the federal awarding agency. The grant is paid on a cost-reimbursement basis by NFP B initiating drawdowns of the grant assets. Any unused assets are forfeited, and any unallowed costs that have been drawn down by NFP B are required to be refunded. ##### [605-958-55-70F](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70F) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:3159de944afc85b809cb8f5b0d9247d5f4336c426e284e4af4cb1133257fdcf0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP B determines that this grant is conditional. The grant agreement limits NFP's discretion as a result of the specific requirements on how NFP B may spend the assets (incurring certain qualifying expenses in accordance with the Office of Management and Budget rules and regulations). The grant also includes a release from the promisor's obligation for unused assets. The requirement to spend the assets on qualifying expenses is a barrier to entitlement because the requirement limits NFP B's discretion about how to use the assets, and the assets would need to be spent on specific items on the basis of the requirements of the agreement (for example, adherence to cost principles) before NFP B is entitled to the assets. This is in contrast to a restriction that typically places limits only on a specific activity that is being funded. NFP B records revenue during the grant period when the barriers have been overcome as it incurs qualifying expenses. The likelihood of incurring qualifying expenses is not a consideration when assessing whether the contribution is deemed conditional. ##### [605-958-55-70G](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70G) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:b6ddd6f3f63177cdc54f2bc43f2b266f51fca0a377bef6534eaf68052ae76eb2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP E is a public charity that performs research on various diseases and allergies, including gluten-related allergies, as part of its overall mission. It receives a $100,000 grant from a foundation to perform research on gluten-related allergies over the next year. The grant agreement includes a right of return as part of the foundation's standard wording and a requirement that at the end of the grant period a report must be filed with the foundation that explains how the assets were spent. ##### [605-958-55-70H](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70H) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:485599d417ad4afd8a81178130261d004c5f52624c5101c7170deeb2aecd71e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP E determines that the grant is not a conditional contribution. The purpose of research on gluten-related allergies results in donor-restricted revenue because the purpose of the grant (working on gluten-free allergies) is narrower than the overall mission of the entity. There are no requirements in the agreement that would indicate that a barrier exists, which must be overcome before the recipient is entitled to the resources. NFP E also determines that the reporting requirement alone is not a barrier because it is an administrative requirement and not related to the purpose of the agreement, which is the actual research. This is an example in which a grant including a right of return could not be considered conditional because the return clause is not coupled with a barrier to be overcome, as determined by NFP E using judgment to assess the indicators of a barrier. ##### [605-958-55-70I](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70I) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e4cd0f8138a63edfa7aa11c2def50965b528a1f029686325834f44e7bde07045 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP DD is a hospital that received an upfront cash contribution from an individual to perform research on Alzheimer's disease during NFP DD's next fiscal year. The agreement does not include a right of return or a barrier that must be overcome to be entitled to the funds. ##### [605-958-55-70J](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70J) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:15e0ce9508a3bfbc4588e198c18f90c5d2cd04db3f79686fd4f90d57951be0b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP DD determines that this contribution is not conditional because it does not include a right of return (or similar language) of the assets that have been transferred upfront. NFP DD concludes that it should recognize the revenue upon receipt of the assets from the individual as donor-restricted because it is required to use the assets for Alzheimer's research, which is narrower than NFP DD's overall mission, during the next fiscal year. ##### [605-958-55-70K](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70K) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:bd643bdacf8c9db0f77ebfb1015c1df966cf3359e9fd59450ff4ba47807754c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Foundation B receives a grant proposal from an animal rescue facility, NFP F, which requests a 2-year grant in the amount of $500,000 upfront to be used to expand its operations. The agreement indicates that NFP F must expand its facility by at least 5,000 square feet to accommodate additional animals by the end of the 2 years. The grant contains a right of return if the minimum expansion target is not achieved. ##### [605-958-55-70L](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70L) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:6f1f51004a42c718ffabb5ff39e3805088fc099f5c7d6aadf8ef13d4b49a2a09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Foundation B determines that this grant is conditional. The grant includes a measurable barrier (5,000 additional square feet) that must be achieved by NFP F to be entitled to the assets and a right of return for unused assets or unmet requirements. ##### [605-958-55-70M](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70M) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:17e60254706d37942515adebbf6fef34f5ef6b93f97b229e68e16924d60e8606 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP G is a university that is conducting a capital campaign to build a new building to house its school of mathematics and to make capital improvements to existing buildings on campus, including a new heating system and an upgraded telephone and computer network. NFP G receives an upfront grant in the amount of $10,000 from a foundation as part of its capital campaign. The agreement contains a right of return requiring that the assets be reimbursed to the resource provider if the assets are not used for the purposes outlined in the capital campaign solicitation materials. The resource provider does not include any specifications in the agreement about how the building should be constructed or on how other improvements should be made. ##### [605-958-55-70N](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70N) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:12c4c33003db92a69aa3420e04a91e04e05ce5923080383acf4c9c8f821658c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP G determines that this grant is not conditional because the agreement places limits only on the specific activity that is being funded (for example, the assets can be used toward the new building or toward other capital improvements such as the heating system and an upgraded telephone and computer network within existing buildings on campus). The resource provider does not include any specifications about how the building should be constructed, and the agreement only indicates that NFP G must use the grant for the purpose outlined in the capital campaign materials. NFP G recognizes this grant as donor-restricted revenue because it must be used for capital purposes, which is narrower than NFP G's overall mission. This Example illustrates a fact pattern in which a grant can include a right of return and would be deemed a contribution that does not contain a donor-imposed condition because the return clause is not coupled with a barrier to be overcome, as determined by NFP G using judgment to assess the indicators of a barrier. ##### [605-958-55-70O](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70O) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e3ae6f54a15cfb949e823b8748250c1db3f844e9252496188cf044c7aa178d4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP I is a museum that receives a grant from an individual donor to build a new wing on the existing museum building. The agreement contains a $1 million multiyear promise to give the money to be used for the new wing on the building. The agreement also includes specific building requirements, including square footage and that the new wing must be environmentally friendly with Leadership in Energy and Environmental Design certification. The first installment of the gift will not be paid until NFP I submits architectural designs that meet the building requirements. Additional installments of the grant will be paid in specified increments upon achieving other milestones identified in the grant agreement. If a particular milestone is not achieved, the donor is released from its obligation to make installment payments. ##### [605-958-55-70P](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70P) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:2494e2f7ae7ca25530fe33b06853ed3986e9f3159cb2ee3fb92da8277ec4b39b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP I determines that this agreement is conditional because NFP I is not entitled to the assets until a milestone is met (for example, an architectural plan including square footage and Leadership in Energy and Environmental Design certification). In this example, a milestone is deemed a measurable performance barrier because NFP I's entitlement to the transferred assets is contingent upon the completion of a milestone. In addition, the agreement includes a release of the resource provider's obligation to transfer assets if the stipulations are not met. NFP I recognizes the revenue as the barriers are overcome, which is upon meeting the specific requirements as NFP I builds the new wing. The likelihood of meeting a milestone is not a consideration when assessing whether the contribution is deemed conditional. ##### [605-958-55-70Q](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70Q) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:fced7e34512ae7fea79f49098c8c3ccc3d19a918a288a7561ac3f5afb307b9da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP J operates as a homeless shelter that provides individuals with temporary accommodations, meals, and counseling. NFP J receives an upfront grant of $75,000 from the city for its meals program. The grant requires NFP J to use the assets to provide at least 5,000 meals to the homeless. The grant contains a right of return for meals not served. ##### [605-958-55-70R](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70R) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:6cd0dfb8e8b657413fe7cc097931b94ead21c5da749cbacf3ce91a384635cd83 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP J determines that this grant is conditional because it contains a measurable performance-related barrier (to provide 5,000 meals) and a right of return. NFP J recognizes assets received in advance of satisfying the conditions as a refundable advance liability and will then recognize $75,000 as donor-restricted revenue when at least 5,000 meals are served because the purpose of the grant is narrower than the overall purpose of NFP J. The likelihood of providing the meals is not a consideration when assessing whether the contribution is deemed conditional. ##### [605-958-55-70S](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70S) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ecca7f3ac317041c96405c5d7c101498ff8dbabb94ec9ea005bc3da467a233cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP H is a recreational organization that provides various sports programs to children that live in the community. NFP H receives an upfront grant in the amount of $40,000 from a foundation to be used toward its tennis program. Consistent with NFP H's grant proposal, the agreement includes specific guidelines for which NFP H could use the assets (for example, to hire 10 tennis instructors or to provide a summer camp for 9 weeks) but does not specify that NFP H's entitlement to the $40,000 is dependent upon NFP H meeting any of the specific indicated guidelines in the agreement. The grant contains a right of return for funds not spent on the tennis program. ##### [605-958-55-70T](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70T) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:f430ac1ef37d3357193e6b48f3d759543871377cfd8b5b62051327a0ee854a17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP H determines that this grant is not conditional because it does not contain a barrier to overcome to be entitled to the transferred assets. Although the grant agreement contains guidelines for how NFP H could spend the $40,000, the agreement does not specify that entitlement to the transferred assets are dependent upon meeting any of the guidelines. Because the guidelines in the grant agreement were not required to be met to be entitled to the funding, the agreement does not contain a barrier to overcome. NFP H should recognize the revenue upon receipt of the assets as donor restricted because it is required to use the assets for the tennis program, which is narrower than NFP H's overall mission. ##### [605-958-55-70U](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70U) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e917a1b5e57ec335728872aebb9c700362eeea0220a4d4bce8e1fc1cbcb53479 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the requirements described in paragraph [958-605-50-1A](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-1A). Those disclosure requirements are not prescriptive on how the information should be disclosed; therefore, this Example demonstrates two alternative formats. This Example does not illustrate all categories of contributed nonfinancial assets, such as intangible assets. An NFP may be required to include disclosure information about valuation techniques and inputs, including assumptions and judgments that an NFP makes, in addition to those included in this Example, which is consistent with the [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") disclosures required by Topic 820. The valuation language used in this Example is not intended to provide guidance on how contributions of nonfinancial assets should be valued, including whether the principal market (or most advantageous market) disclosed is appropriate in the circumstances. While not illustrated in this Example, there may be additional information about the nature and extent of contributed services, including nonrecognized contributed services, that an entity may disclose in accordance with paragraph [958-605-50-1B](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-1B). ##### [605-958-55-70V](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70V) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:86e6757ab8579937c548730707ee9b28559d44cd4106a34a4b0c56d28f9be6f7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following illustration includes a table disclosing the amounts recognized within the statement of activities by category as well as a narrative disclosure about donor-imposed restrictions and valuation techniques and inputs for each category of contributed nonfinancial asset. - ![](https://asc.understandingaccounting.org/asc-img/GUID-8BCAEEFA-ADE2-40C5-98FE-23DE703C5DEC-low.gif) Contributed Nonfinancial Assets "For the years ended December 31, contributed nonfinancial assets recognized within the statement of activities included:" 20X9 20X8 Building Building " $550,000 " $ - Household goods Household goods " 95,556 " " 100,486 " Food Food " 85,407 " " 86,633 " Medical supplies Medical Supplies " 90,389 " " 115,173 " Pharmaceuticals Pharmaceuticals " 111,876 " " 113,982 " Clothing Clothing " 85,765 " " 83,890 " Vehicles Vehicles " 127,900 " - Services Services " 73,890 " " 65,392 " " $1,220,783 " " $565,556 " - NFP K recognized contributed nonfinancial assets within revenue, including a contributed building, vehicles, household goods, food, medical supplies, pharmaceuticals, clothing, and services. Unless otherwise noted, contributed nonfinancial assets did not have donor-imposed restrictions. - It is NFP K's policy to sell all contributed vehicles immediately upon receipt at auction or for salvage unless the vehicle is restricted for use in a specific program by the donor. No vehicles received during the period were restricted for use. All vehicles were sold and valued according to the actual cash proceeds on their disposition. - The contributed building will be used for general and administrative activities. In valuing the contributed building, which is located in Metropolitan Area B, NFP K estimated the fair value on the basis of recent comparable sales prices in Metropolitan Area B's real estate market. - Contributed food was utilized in the following programs: natural disaster services, domestic community development, and services to community shelters. Contributed household goods were used in domestic community development and services to community shelters. Contributed clothing was used in specific community shelters. Contributed medical supplies were utilized in natural disaster services. In valuing household goods, food, clothing, and medical supplies, NFP K estimated the fair value on the basis of estimates of wholesale values that would be received for selling similar products in the United States. - Contributed pharmaceuticals were restricted by donors to use outside the United States and were utilized in international health services and natural disaster services. In valuing contributed pharmaceuticals otherwise legally permissible for sale in the United States, NFP K used the Federal Upper Limit based on the weighted average of the most recently reported monthly Average Manufacturer Prices (AMP) that approximate wholesale prices in the United States (that is, the principal market). In valuing pharmaceuticals not legally permissible for sale in the United States (and primarily consumed in developing markets), NFP K used third-party sources representing wholesale exit prices in the developing markets in which the products are approved for sale (that is, the principal markets). - Contributed services recognized comprise professional services from attorneys advising NFP K on various administrative legal matters. Contributed services are valued and are reported at the estimated fair value in the financial statements based on current rates for similar legal services. ##### [605-958-55-70W](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70W) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:09214e7ab02680b579efdc7fcdd530d895d73fdc7c815328e649f1f38ec1777b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table illustrates the disclosures in paragraph [958-605-55-70V](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70V) for each category of contributed nonfinancial asset. It includes both amounts and narrative disclosure. For illustrative purposes, only one year is presented. - ![](https://asc.understandingaccounting.org/asc-img/GUID-BFA3E992-3F81-4CA1-8DE7-06845A6E93AC-low.gif) Contributed Nonfinancial Assets "Revenue Recognized" Utilization in Programs/Activities Donor Restrictions Valuation Techniques and Inputs Building "$550,000" General and Administrative No associated donor restrictions "In valuing the contributed building, which is located in Metropolitan Area B, NFP K estimated the fair value on the basis of recent comparable sales prices in Metropolitan Area B's real estate market. " Household goods "$95,556" Domestic Community Development; Community Shelters No associated donor restrictions NFP K estimated the fair value on the basis of estimates of wholesale values that would be received for selling similar products in the United States. Food "$85,407" Natural Disaster Services; Domestic Community Development; Community Shelters No associated donor restrictions NFP K estimated the fair value on the basis of estimates of wholesale values that would be received for selling similar products in the United States. Medical supplies "$90,389" Natural Disaster Services No associated donor restrictions NFP K estimated the fair value on the basis of estimates of wholesale values that would be received for selling similar products in the United States. Pharmaceuticals "$111,876" International Health Services; Natural Disaster Services Restricted to use outside the United States "In valuing contributed pharmaceuticals otherwise legally permissible for sale in the United States, NFP K used the Federal Upper Limit based on the weighted average of the most recently reported monthly Average Manufacturer Price (AMP), that approximate wholesale prices in the United States (that is, the principal market). In valuing pharmaceuticals not legally permissible for sale in the United States (and primarily consumed in developing markets), NFP K used third-party sources representing wholesale exit prices in the developing markets in which the products are approved for sale." Clothing "$85,765" Natural Disaster Services; Domestic Community Development; Community Shelters No associated donor restrictions "In valuing clothing, NFP K estimated the fair value on the basis of estimates of wholesale values that would be received for selling similar products in the United States. " Vehicles "$127,900" It is NFP K's policy to sell all contributed vehicles immediately upon receipt unless the vehicle is restricted for use in a specific program by the donor. All vehicles received were sold. No associated donor restrictions Proceeds from vehicles sold are valued according to the actual cash proceeds on their disposition. Services "$73,890" Various Administrative legal matters No associated donor restrictions Contributed services from attorneys are valued at the estimated fair value based on current rates for similar legal services. ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others #### Implementation Guidance ##### [605-958-55-71](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-71) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:de462ca87f03f6b7e54dff4900ba61efc052cc2feac090d503a83060166adc6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A transfer of assets may appear to be a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") when a donor uses an [agent](https://asc.understandingaccounting.org/glossary/a/#agent "An entity that acts for and on behalf of another. Although the term agency has a legal definition, the term is used broadly to encompass not only legal agency, but also the relationships described in Topic 958. A recipient entity acts as an agent for and on behalf of a donor if it receives assets from the donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a specified beneficiary. A recipient entity acts as an agent for and on behalf of a beneficiary if it agrees to solicit assets from potential donors specifically for the beneficiary's use and to distribute those assets to the beneficiary. A recipient entity also acts as an agent if a beneficiary can compel the recipient entity to make distributions to it or on its behalf."), a [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "An entity that has a duty to hold and manage assets for the benefit of a specified beneficiary in accordance with a charitable trust agreement. In some states, not-for-profit entities (NFPs) are organized under trust law rather than as corporations. Those NFPs are not trustees as defined because, under those statutes, they hold assets in trust for the community or some other broadly described group, rather than for a specific beneficiary."), or an [intermediary](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor.") to transfer assets to a donee. Receipts of resources as an agent, trustee, or intermediary of a donor are not contributions received to the agent because the recipient of assets who is an agent or trustee has little or no discretion in determining how the assets transferred will be used. For the same reason, deliveries of resources as an agent, trustee, or intermediary of a donor are not contributions made by the agent. Similarly, contributions of services (time, skills, or expertise) between donors and donees that are facilitated by an intermediary are not contributions received or contributions made by the intermediary. ##### [605-958-55-72](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-72) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:3530b486af0325c62c5415491a6dc1dc1906ab57d3f228bca42a0aa9ee68b8c8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Examples 1 through 11 (see paragraphs [958-605-55-80 through 55-115](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-80) ) illustrate the need to assess the relevant facts and circumstances to distinguish between the receipt of resources as a donee and the receipt of resources as an agent, a trustee, or an intermediary organization. ##### [605-958-55-73](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-73) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:22847cfdacc67527d951cc09efd2ac1586f5b772b3335023f95bf35ddaca7883 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following flowchart is a visual supplement to the written standards. It should not be interpreted to alter any requirements of the Transfers of Assets to a Not-for-Profit Entity or Charitable Trust that Raises or Holds Contributions for Others Subsections or of Subtopic 958-20, nor should it be considered a substitute for those requirements. The relevant paragraphs of the standards are identified in the parenthetical notes. Examples 1 through 11 (see paragraphs [958-605-55-80 through 55-115](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-80) ) illustrate the application of the standards in specific situations. ##### [605-958-55-74](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-74) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:475ff78c389fbae32ea2b6588ffa1f88f39716aba7d41c589ba7f6bb3ee82649 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The diagram depicts the process for determining the appropriate accounting for a transfer of assets from a donor to a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") that accepts the assets and agrees to use those assets on behalf of a beneficiary specified by the donor or transfer those assets, the return on investment of those assets, or both to a beneficiary specified by the donor. (For additional information about how a beneficiary is specified, see paragraphs [958-605-55-76 through 55-78](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-76) .) The diagram also depicts the process for determining the appropriate accounting for a transfer from a resource provider that takes place in a similar manner but is not a contribution because the transfer is revocable, repayable, or reciprocal. - ![](https://asc.understandingaccounting.org/asc-img/GUID-7149F8AF-4D56-4C5F-AF0A-2014F2B31A06-low.gif) RESOURCE PROVIDER OR DONOR RECIPIENT ENTITY SPECIFIED BENEFICIARY "Transfer assets, including unconditional promises to give, to the recipient entity." Does the resource provider retain the right to redirect the assets to another beneficiary? Yes Debit: Refundable advance Debit: Asset No entry Credit: Asset or payable (paragraph 958-605-25-33) Credit: Refundable advance (paragraph 958-605-25-33) No Is the transfer accompanied by a conditional promise to give or otherwise revocable or repayable? Yes Debit: Refundable advance Debit: Asset No entry "Credit: Asset (paragraph 958-605-25-33)" Credit: Refundable advance (paragraph 958-605-25-33) No Does the resource provider control the recipient entity and specify an unaffiliated beneficiary? Yes Debit: Refundable advance Debit: Asset No entry Credit: Asset or payable (paragraph 958-605-25-33)(a) Credit: Refundable advance (paragraph 958-605-25-33)(a) No " No" Does the resource provider control the recipient entity and specify an unaffiliated beneficiary? Yes Does the transfer meet all of the criteria in paragraphs 958-605-25-4 through 25-7 (an equity transaction)? Yes Debit: Asset Debit: Asset No entry except the one on the books of the resource provider when it is also the beneficiary "Credit: Asset or payable (paragraph 958-605-25-33) " Credit: Liability to resource provider (paragraph 958-605-25-33) Yes Did the resource provider specify itself as beneficiary? Yes Debit: Interest in net assets of recipient entity Debit: Asset No entry except the one on the books of the resource provider "Credit: Equity transaction (a separate line item in its statement of activities) (paragraphs 958-605-45-1 through 45-2)" Credit: Asset or payable (paragraphs 958-605-25-4 through 25-7) No The resource provider specifies its affiliate as beneficiary. Debit: Equity transaction Debit: Asset Debit: Interest in net assets of recipient entity Credit: Credit: Asset or payable (a separate line item in its statement of activities) (paragraphs 958-605-45-1 through 45-2) "Credit: Equity transaction (a separate line item in its statement of activities) (paragraphs 958-605-45-1 through 45-2)" "Credit: Equity transaction (a separate line item in its statement of activities) (paragraphs 958-605-45-1 through 45-2)" Did the donor grant variance power to the recipient entity? Yes Debit: Expense Debit: Asset "No entry (paragraph 958-605-25-31)" "Credit: Asset or payable (Section 720-25-25)" "Credit: Contribution revenue (paragraphs 958-605-25-25 through 25-26)" No Are the recipient entity and the specified beneficiary financially interrelated entities? Yes Debit: Expense Debit: Asset Debit: Interest in net assets of recipient entity "Credit: Asset or payable (Section 720-25-25)" Credit: Contribution revenue (paragraph 958-20-25-1) (no entry is specified if the recipient entity is a trustee) "Credit: Change in interest in recipient entity (this entry is generally recorded periodically rather than contemporaneously \[paragraphs 958-605-25-28 through 25-30\])" No Is the asset transferred to the recipient entity cash or another financial asset? Yes Debit: Expense Debit: Asset Debit: Receivable or beneficial interest "Credit: Asset or payable (Section 720-25-25)" Credit: Liability (paragraph 958-605-25-23 or 958-605-25-24) (no entry is specified if the recipient entity is a trustee) Credit: Contribution revenue (paragraphs 958-605-25-28 through 25-30) No The transferred asset is a nonfinancial asset. Debit: Expense "No entry necessary (paragraph 958-605-25-23 or 958-605-25-24)" Debit: Receivable or beneficial interest "Credit: Asset or payable (Section 720-25-25)" Credit: Contribution revenue paragraphs 958-605-25-28 through 25-30) (a) "Until the transferred assets are beyond the control of the resource provider, the transaction shall be reported as an asset by the resource provider and a liability by the recipient entity (for example, as a refundable advance)." ##### [605-958-55-75](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-75) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ec3a47b42fb79ae683da8c1f605f589ff41933137c8db479f1b218135f070a20 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Discretion to determine the timing of the distribution to the specified beneficiary, by itself, does not give the recipient entity discretion sufficient to recognize a contribution. That limited discretion is not sufficient. The ability to choose a payment date does not relieve an entity from its obligation to pay. ##### [605-958-55-76](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-76) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:52dc6163050d2509504fba2f81f81152c8e741a0f504ecf3e85059533d1e004c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A recipient entity has discretion sufficient to recognize a contribution received if it can choose the beneficiaries of the assets. For example, if a recipient receives cash that it must disburse to any who meet guidelines specified by a resource provider or return the cash, those receipts may be deposits held by the recipient as an agent rather than contributions received as a donee. Similarly, if a recipient receives cash that it must disburse to individuals identified by a resource provider or return the cash, neither the receipt nor the disbursement is a contribution for the agent, trustee, or intermediary. In contrast, if a resource provider allows the recipient to establish, define, and carry out the programs that disburse the cash, products, or services to the recipient's beneficiaries, the recipient generally is involved in receiving and making contributions. ##### [605-958-55-77](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-77) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:1dd25b0712529fb469e4ca0b6c3e1460448f41040674ec3301727bada86904ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Thus, if a donor uses broad generalizations to describe beneficiaries or to indicate a field of interest, such as Midwestern flood victims, homeless individuals, or teenaged children, the recipient entity has the ability to choose the beneficiaries of the assets and is a donee. Similarly, the recipient entity has the ability to choose the beneficiaries if neither the language used by the donor nor the representations of the recipient entity cause the donor to believe that it can direct the gift to a specified beneficiary. For example, a recipient entity might request that a donor indicate a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) that best serves the needs of the community and tell the donor that the information will be considered by the allocation committee when it makes its distributions to NFPs in the community. If that request is conveyed in a manner that leads a donor to reasonably conclude that its role is merely to propose a possible allocation, the recipient entity has the discretion to choose the beneficiary of the assets. ##### [605-958-55-78](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-78) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:d0ef8a1b9ecc145361bb41c30835422d1572e0ac8217bb25214840316930005e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Conversely, if that request is conveyed in a manner that creates a donor's reasonable expectation that the gift will be used for the benefit of or will be transferred to the indicated beneficiary, the recipient entity does not have discretion to choose the beneficiary unless the donor explicitly grants [variance power](https://asc.understandingaccounting.org/glossary/v/#variance-power "The unilateral power to redirect the use of the transferred assets to another beneficiary. A donor explicitly grants variance power if the recipient entity's unilateral power to redirect the use of the assets is explicitly referred to in the instrument transferring the assets. Unilateral power means that the recipient entity can override the donor's instructions without approval from the donor, specified beneficiary, or any other interested party."). (See the following paragraph and paragraph [958-605-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25).) A donor may specify the beneficiary by name, by stating that all entities that meet a set of donor-defined criteria are beneficiaries, or by actions surrounding the transfer that make clear the identity of the beneficiary, such as by responding to a request from a recipient entity that exists to raise assets for the beneficiary. ##### [605-958-55-79](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-79) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:db4a92087baa477af9d00e2d91e860449475d69692be951535b0fd91dc8d2d53 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A recipient entity may obtain the power to redirect the use of assets transferred to it through various means, including standard provisions in donor-choice forms or explicit donor [stipulation](https://asc.understandingaccounting.org/glossary/s/#stipulation "A statement by a donor that creates a condition or restriction on the use of transferred resources.") in gift instruments. For example, a community foundation may obtain the unilateral power to redirect the use of assets transferred to them through explicit reference to the variance power granted to them by donors in written gift instruments. The variance power may be explicitly referred to in the terms of the gift instrument and further explained in the community foundation's declaration of trust, articles of incorporation, or governing instruments. #### Illustrations ##### [605-958-55-80](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-80) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:9c487a46e234c44aa901aeae60b35fae5b14f5ee77a55ce11802b65dd63a5ca3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraphs [958-605-25-28 through 25-32](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-28) . Not-for-Profit Entity A (NFP A) receives relief supplies from Individual with instructions to deliver the supplies to specified third-party beneficiaries. NFP A accepts responsibility for delivering those supplies because it has a distribution network and a mutual interest in serving the needs of the specified beneficiaries. NFP A has no discretion in determining the parties to be benefited; it must deliver the resources to the specified beneficiaries. Receipt of those goods is not a contribution received to NFP A, nor is the delivery of those goods to the beneficiaries a contribution made by NFP A. Rather, a contribution of goods is made by Individual and received by the third-party beneficiaries. ##### [605-958-55-81](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-81) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:fe107d3ed9745f7012f6192ba54d89c189f8c41f9094b62b4ea85832cf273d53 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraph [958-605-25-23](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-23). Not-for-Profit Entity B (NFP B) develops and maintains a list of lawyers and law firms that are interested in providing services without charge to charitable organizations and certain individuals. NFP B encourages individuals in need of free legal services to contact NFP B for referral to lawyers in the individual's community that may be willing to serve them. The decision about whether and how to serve a specific individual rests with the lawyer. Under those circumstances, NFP B merely acts as an intermediary in bringing together a willing donor and donee. The free legal services are not a contribution received by NFP B. ##### [605-958-55-82](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-82) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:4f93b996412e0380b08817c488f835e446c89d2ba288a80304f1feb24178688d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-08](https://asc.understandingaccounting.org/updates/asu-2018-08/). ##### [605-958-55-83](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-83) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:66ac0d27fb1b32b7345c5fe13a4a8a37daf6b530411bc8cba1e8041a6eb77add Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraphs [958-605-25-24 through 25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-24) . ##### [605-958-55-84](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-84) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:c316de58a1ad30e013bdf1816e9740ae9a728b3c1f814039029cbf281fd03f68 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Federated Fundraising Organization D provides three choices to donors in its annual workplace campaign. Donors can give without restriction, direct their gifts to one of four community needs identified by Federated Fundraising Organization D, or specify that their gifts be transferred to an NFP of their choice. The campaign literature informs donors that if they choose to specify an NFP to which their gift should be transferred, the NFP must be a social welfare organization within the community that has tax-exempt status under Internal Revenue Code Section 501(c)(3). The campaign literature also provides a schedule of the administrative fees that will be deducted from all gifts that are to be transferred to the donor's chosen beneficiary. ##### [605-958-55-85](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-85) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ee783aa2770c988d4114bed07eba7df288deb1a0da1c06c591344c82d6fa76bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Federated Fundraising Organization D would recognize the following transactions: 1. a It would recognize the fair values of the gifts without donor restrictions as [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") revenue that increases [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants)."). 2. b It would recognize the fair values of the gifts targeted to the four specified community needs as contribution revenue that increases [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants)."). 3. c It would recognize the fair values of gifts that are to be transferred to beneficiaries chosen by the donors as increases in its assets and as liabilities to those specified beneficiaries (see paragraph [958-605-25-24](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-24)). 4. d It would recognize as revenue the administrative fees withheld from amounts to be transferred to the donors' chosen beneficiary. However, if some of the gifts that are intended for specified beneficiaries are gifts of nonfinancial assets, Federated Fundraising Organization D would recognize those nonfinancial assets and its liability to transfer them to the specified beneficiaries if that were its policy; otherwise, it would recognize neither the nonfinancial assets nor a liability (see paragraph [958-605-25-24](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-24)). ##### [605-958-55-86](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-86) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:94835658e25e245412cc79dd6eb48f25107330b84c13785e2d40282c0c0a4ae6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The beneficiaries chosen by the donors would recognize the [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") of the transferred assets as contribution revenue in accordance with the provisions of paragraph [958-605-45-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-6) for [unconditional promises to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance."). Thus, the revenue would increase net assets with donor restrictions or net assets without donor restrictions, depending on the existence or absence of [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions."). For example, if a donor specified that the transferred assets must be maintained in perpetuity, the revenue would increase net assets with donor restrictions. However, if the donor specified that the transferred assets are for current-period use, the revenue would increase net assets without donor restrictions. In accordance with paragraph [958-220-45-14](https://asc.understandingaccounting.org/asc/220/958/#220-958-45-14), the beneficiaries would report the gross amounts of the gifts as contribution revenue and the administrative fees withheld by Federated Fundraising Organization D as expenses. The net amount would be recognized as a receivable (see paragraph [958-605-25-28](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-28)). ##### [605-958-55-87](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-87) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:1f42f65e9ee8afa84a0738249b7b4cce134674654c9e44d8aeb3c7959da174af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Instead of conducting the campaign as described in this Example, Federated Fundraising Organization D's campaign literature, including the form that donors use to specify a beneficiary, clearly states that if donors choose to give and specify a beneficiary, the allocation committee has the authority to redirect their gifts if the committee perceives needs elsewhere in the community that are greater. By giving under those terms, donors explicitly grant Federated Fundraising Organization D variance power. Thus, Federated Fundraising Organization D would recognize as contribution revenue without donor-imposed restrictions (see paragraph [958-605-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25)), and the specified beneficiaries would be precluded from recognizing their potential for future distributions from the assets (see paragraph [958-605-25-31](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-31)). ##### [605-958-55-88](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-88) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:0c7be8355f86c3e0aa5ef8e3ec4a98dd2fa9684558e43adc0feac090cd67133b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraphs [958-605-25-24 through 25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-24) . ##### [605-958-55-89](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-89) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:2d595057c4908495ec80111d19fc1958f896dd63165336cdaf78336649d703db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The governing board of City Botanical Society E decides to raise funds to build an endowment. The governing board signs an agreement to establish a fund at Community Foundation F. Community Foundation F and City Botanical Society E are not [financially interrelated entities](https://asc.understandingaccounting.org/glossary/f/#financially-interrelated-entities "A recipient entity and a specified beneficiary are financially interrelated entities if the relationship between them has both of the following characteristics: One of the entities has the ability to influence the operating and financial decisions of the other. One of the entities has an ongoing economic interest in the net assets of the other."). City Botanical Society E solicits gifts to the fund. The campaign materials inform donors that the endowment will be owned and held by Community Foundation F. The materials explain that the gifts will be invested and that the return from their investment will be distributed to City Botanical Society E, subject to Community Foundation F's spending policy and to Community Foundation F's right to redirect the return to another beneficiary without the approval of the donor, City Botanical Society E, or any other party if distributions to City Botanical Society E become unnecessary, impossible, or inconsistent with the needs of the community. The donor-response card also clearly describes Community Foundation F's right to redirect the return of the fund. The campaign materials indicate that donors should send their contributions to Community Foundation F using a preaddressed envelope included for that purpose. ##### [605-958-55-90](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-90) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:d69c568bd5d6b15f0f63fb0ca2b9da16e6364db83f78d35eac51ffeba3021a91 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Community Foundation F would recognize the fair value of gifts received as assets and as contribution revenue. The donors explicitly granted variance power by using a donor-response card that clearly states that gifts are subject to Community Foundation F's unilateral power to redirect the return to another beneficiary (see paragraph [958-605-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25)). ##### [605-958-55-91](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-91) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:21635aed7a025201fd1c6e46761cff46f2ff5d9c61c76860c601fdbbedc110e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. City Botanical Society E is precluded from recognizing its potential rights to the assets held by Community Foundation F because the donors explicitly granted variance power (see paragraph [958-605-25-31](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-31)). City Botanical Society E would recognize only its annual grants from Community Foundation F as contributions. ##### [605-958-55-92](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-92) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:0b097b9be6704c8476d30c07ae04d54ec096aadf73e3e4d60ce1cd2fd6f16983 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Whether a donor intended to make a contribution to Community Foundation F may not be clear if the donor responds to the campaign materials by sending a contribution and the donor-response card directly to City Botanical Society E. City Botanical Society E could resolve the ambiguity by a review of the facts and circumstances surrounding the gift, communications with the donor, or both. If it is ultimately determined that the donor intended to make a gift to the fund owned and held by Community Foundation F and to explicitly grant variance power, City Botanical Society E would be an agent responsible for transferring that gift to Community Foundation F (see paragraph [958-605-25-24](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-24)). ##### [605-958-55-93](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-93) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:58a46b3192abac53d1fe8bc4805a50751daadc08c9d5a2ce8bb268130242488e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraph [958-605-25-23](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-23). ##### [605-958-55-94](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-94) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ebd461826e1466a102e5c97a4da78ff9e2d5d40d79c00288afe9f458f9384bf7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Local Church G transfers cash to Seminary H and instructs Seminary H to use the money to grant a scholarship to Individual, who is a parishioner of Local Church G. ##### [605-958-55-95](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-95) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:1e4220675c545210b717fd2c690e7359578e5ae3fc519ccf4cfee6b38f8e9a0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Seminary H would recognize the cash and a liability to Individual in the same amount because it merely is facilitating the cash transfer from Local Church G to Individual (see paragraph [958-605-25-23](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-23)). ##### [605-958-55-96](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-96) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:5fdb1e0eadacb3e04567bb96a6ec1015f80d9f81f895ef4c55fd829b409d0048 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraph [958-605-15-9](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-9). ##### [605-958-55-97](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-97) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:2df73ddc380664eb0c783f8efd87d27d48c2426e22f67aa91db225f0284348f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Individual transfers assets to National Bank J to establish an irrevocable charitable trust for the sole benefit of Museum I. National Bank J will serve as trustee. Individual sets forth in the trust agreement the policies that direct the economic activities of the trust. The trust term is five years. Each year, the income received on the investments of the trust will be distributed to Museum I. At the end of Year 5, the corpus of the trust (original assets and net appreciation on those assets) will be paid to Museum I. ##### [605-958-55-98](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-98) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:0a3e3fae0958aef85288a151ed665401170e8afd604cba55d36d933ae24fe26c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Contribution Received Subsections of this Subtopic do not establish standards for the trustee, National Bank J (see paragraph [958-605-15-9](https://asc.understandingaccounting.org/asc/605/958/#605-958-15-9)). Because Museum I is unable to influence the operating or financial decisions of the trustee, Museum I and National Bank are not financially interrelated entities. Therefore, Museum I would recognize its asset (a beneficial interest in the trust) and contribution revenue that increases [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") (see paragraph [958-605-35-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-35-3)). Museum I would measure its beneficial interest at fair value. That value generally can be measured by the fair value of the assets contributed to the trust. ##### [605-958-55-99](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-99) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:36d3b6a6d378dda6f236d3ae7d58c665e60a8f1c2df59d93de496410dab91a56 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraph [958-20-15-2](https://asc.understandingaccounting.org/asc/958/20/#958-20-15-2). ##### [605-958-55-100](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-100) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:1adc3546112987a842b6e6269a9bda1840e4575ab58c913fe5c1ed9204746c99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Some foundations and associations raise [contributions](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") for a large number of unaffiliated NFPs, often referred to as member organizations. By virtue of their numbers, those member organizations generally do not individually influence the operating and financial decisions of the foundation (or association). Thus, any one member organization and the foundation (or association) are not financially interrelated entities (see paragraph [958-20-15-2\[a\]](https://asc.understandingaccounting.org/asc/958/20/#958-20-15-2)). Because the entities are not financially interrelated, the foundation (or association) recognizes a liability if a donor to the foundation (or association) specifies that the gift should be transferred to a particular member organization (see paragraph [958-605-25-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-4)). The specified member organization would recognize a receivable and contribution revenue that increases [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") or [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants)."), depending on the existence or absence of [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions."). ##### [605-958-55-101](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-101) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:0a822ebc77f321ad944abb7fead0ea92db76875febb1b5e9f4c9f45eb1731d1e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraph [958-605-25-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-4). ##### [605-958-55-102](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-102) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:af45a04a0b196b8bb3ccfbae4c2395093cf6fff651ee02bae109da1e93addd9e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Individual transfers a car to Federated Fundraising Organization K and requests that the car be transferred to Local Daycare Center L. Individual specifies that Federated Fundraising Organization K may use the car for one year before transferring it to Local Daycare Center L. Local Daycare Center L is a member organization of Federated Fundraising Organization K, but that status does not confer any ability to actively participate in the policymaking processes of Federated Fundraising Organization K. ##### [605-958-55-103](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-103) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:ef0cc4c90c54ebc4b28b0a224e97221174021f254c6517a3b90a747b0ebf175d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because Federated Fundraising Organization K and Local Daycare Center L are not financially interrelated entities, Federated Fundraising Organization K would recognize the car as an asset and a liability to Local Daycare Center L if its policy were to recognize nonfinancial assets; otherwise, it would recognize neither the nonfinancial assets nor a liability (see paragraph [958-605-25-24](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-24)). ##### [605-958-55-104](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-104) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:212cf4adfe03225bd382cb74d056abd2e8afce0bd4d4f6b84d01d592e45944bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If, instead of refusing the gift of the use of the car, Federated Fundraising Organization K decides to use it for a year before transferring it to Local Daycare Center L, Federated Fundraising Organization K would recognize the fair value of the gift of one-year's use of the car in accordance with paragraph [958-605-30-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-2). The use of a car is a contributed asset and not a contributed service. ##### [605-958-55-105](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-105) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:0e0e05f78b1060f6022819417f21c899743024af4abf4e1bedf7de76b3c155c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Local Daycare Center L would recognize a receivable and [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") revenue that increases [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") (see paragraph [958-605-25-30](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-30)). It would measure the contribution received at the fair value of the car; however, if Federated Fundraising Organization L chooses to use the car for a year before transferring it, the fair value would be reduced accordingly. ##### [605-958-55-106](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-106) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:e4a8593488070d53661d90980d2fef267702517bd304f1afab06d122da1388f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraph [958-605-25-33](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33). ##### [605-958-55-107](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-107) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:65daa4bd9d17dd99f2c905941b1da5530b8d027c5fc626570c605916f9272795 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Symphony Orchestra M receives a large gift without donor restrictions of securities from Individual. Because it has no investment expertise, Symphony Orchestra M transfers the securities to Community Foundation N to establish an [endowment fund](https://asc.understandingaccounting.org/glossary/e/#endowment-fund "An established fund of cash, securities, or other assets to provide income for the maintenance of a not-for-profit entity (NFP). The use of the assets of the fund may be with or without donor-imposed restrictions. Endowment funds generally are established by donor-restricted gifts and bequests to provide a source of income in perpetuity or for a specified period. See Donor-Restricted Endowment Fund. Alternatively, an NFP's governing board may earmark a portion of its net assets as a Board-Designated Endowment Fund. See Funds Functioning as Endowment."). The agreement between Symphony Orchestra M and Community Foundation N states that the transfer is irrevocable and that the transferred assets will not be returned to Symphony Orchestra M. However, Community Foundation N will make annual distributions of the income earned on the endowment fund, subject to Community Foundation N's spending policy. The agreement also permits Community Foundation N to substitute another beneficiary in the place of Symphony Orchestra M if Symphony Orchestra M ceases to exist or if the governing board of Community Foundation N votes that support of Symphony Orchestra M either is no longer necessary or is inconsistent with the needs of the community. (That is, Symphony Orchestra M explicitly grants variance power to Community Foundation N.) The agreement does not permit either entity to appoint members to the other entity's governing board or otherwise participate in the policymaking processes of the other. ##### [605-958-55-108](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-108) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:2d53f34cdfc9738dffb2ec4a82b0245dc3943cd1cdb5902b86376591fecc18bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Community Foundation N would recognize the fair value of the transferred securities as an increase in investments and a liability to Symphony Orchestra M because Symphony Orchestra M transferred assets to Community Foundation N and specified itself as beneficiary (see paragraph [958-605-25-33(d)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33)). The transfer is not an equity transaction because Community Foundation N and Symphony Orchestra M are not financially interrelated entities (see paragraph [958-20-25-4(b)](https://asc.understandingaccounting.org/asc/958/20/#958-20-25-4)). Symphony Orchestra M is unable to influence the operating or financial decisions of Community Foundation N (see paragraph [958-20-15-2(a)](https://asc.understandingaccounting.org/asc/958/20/#958-20-15-2)). ##### [605-958-55-109](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-109) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:45019e78249a8e55713fc0f504e7be35781876a4537ea2899d692b2c9e67da7a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Symphony Orchestra M would recognize the fair value of the gift of securities from Individual as contribution revenue. When it transfers the securities to Community Foundation N, it would recognize the transfer as a decrease in investments and an increase in an asset, for example, as a beneficial interest in assets held by Community Foundation N (see paragraph [958-605-25-33(d)](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33)). Also, Symphony Orchestra M would disclose in its financial statements the identity of Community Foundation N, the terms under which Community Foundation N will distribute amounts to Symphony Orchestra M, a description of the variance power granted to Community Foundation N, and the aggregate amount reported in the statement of financial position and how that amount is described (see paragraph [958-605-50-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-6)). ##### [605-958-55-110](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-110) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:1a163ae11270f34192db9a676b66cc9fcef83ddec46a97c9762a8e8213fd7c34 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a resource provider transfers assets to a recipient entity and specifies itself or its [affiliate](https://asc.understandingaccounting.org/glossary/a/#affiliate "A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with an entity. See Control.") as the beneficiary, a presumption that the transfer is reciprocal, and therefore not a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution."), is necessary even if the resource provider explicitly grants the recipient entity variance power. Thus, Symphony Orchestra M would recognize an asset and Community Foundation N would recognize a liability because the transaction is deemed to be reciprocal. Symphony Orchestra M transfers its securities to Community Foundation N in exchange for future distributions. Community Foundation N, by its acceptance of the transfer, agrees that at the time of the transfer distributions to Symphony Orchestra M are capable of fulfillment and consistent with the foundation's mission. Although the fair value of those future distributions may not be commensurate with the fair value of the securities given up (because Symphony Orchestra M is at risk of cessation of the distributions), the transaction is accounted for as though those values are commensurate. In comparison, the donors to Community Foundation F in Example 5 (see paragraph [958-605-55-88](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-88)) explicitly grant variance power to Community Foundation F in a [nonreciprocal transfer](https://asc.understandingaccounting.org/glossary/n/#nonreciprocal-transfer "A transaction in which an entity incurs a liability or transfers an asset to another entity (or receives an asset or cancellation of a liability) without directly receiving (or giving) value in exchange."). In that Example, it is clear that the donors have made a contribution because they retain no beneficial interests in the transferred assets. Because the donors in that Example explicitly grant variance power to Community Foundation F, it, rather than City Botanical Society E, is the recipient of that contribution. ##### [605-958-55-111](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-111) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:73375ca0e5c2735613fce86b34899369559232d59315b8423be1d07beee4b9c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraph [958-605-25-33](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33). ##### [605-958-55-112](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-112) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:aa6ed1a1e827df18aeebb53ec37710b95ac40654bac733eec52ea5f23c2d4660 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The governing board of Private Elementary School O creates a foundation to hold and manage the school's investments. It transfers its investment portfolio to the newly created PES Foundation P. An agreement between Private Elementary School O and PES Foundation P allows the school to request distributions from both the original investments and the return on those investments, subject to approval by the governing board of PES Foundation P, which will not be unreasonably withheld. The agreement also permits Private Elementary School O to transfer additional investments in the future. ##### [605-958-55-113](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-113) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:f961a56762fb899a1e15d31a35175dcc59b48ad8ec9f778f77cc7f639c43f4be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. PES Foundation P would recognize the fair value of the investments as assets and a liability to Private Elementary School O because Private Elementary School O transferred assets to PES Foundation P and specified itself as beneficiary (see paragraph [958-605-25-33\[d\]](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33)). The transfer of assets is not an equity transaction because Private Elementary School O expects repayment of the transferred assets, and thus the transaction does not meet the criterion in paragraph [958-20-25-4(c)](https://asc.understandingaccounting.org/asc/958/20/#958-20-25-4). ##### [605-958-55-114](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-114) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:5c634febf52fc38e06c35b31023587a68bf60c929cf44f89b135919d42e06683 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Private Elementary School O would decrease its investments and recognize another asset, for example, a beneficial interest in assets held by PES Foundation P (see paragraph [958-605-25-33\[d\]](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33)). Also, Private Elementary School O would disclose in its financial statements the identity of PES Foundation P, the terms of the agreement under which it can receive future distributions, including the fact that the distributions are not subject to variance power, and the aggregate amount reported in the statement of financial position and how that amount is described (see paragraph [958-605-50-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-6)). ##### [605-958-55-115](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-115) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:49.276Z to 2026-09-10T00:51:49.276Z Record version: sha256:c37a42457ccc142a4df72854ca7be1776d23425c37d537ff25f5f828d74ec460 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Subtopic 958-20 if Private Elementary School O and PES Foundation P are financially interrelated entities. Source downloaded (UTC): 2026-09-10T00:51:52.240Z to 2026-09-10T00:52:20.317Z Record version: sha256:a4120b51cd067b4734bd91cc7c17ad72532c0b4349374836dabcbcc90bfb76c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970: Revenue Recognition — Real Estate—General ### Machine-generated study aids ```json { "summary": "ASC 605-970 formerly provided the legacy revenue recognition guidance for real estate—general transactions (including profit recognition and measurement on real estate sales). Every paragraph in the subtopic — Sections 05, 15, 25, 30, 35, and 55 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). No substantive guidance remains; entities apply ASC 606 (and ASC 610-20 for sales of nonfinancial assets to noncustomers) instead.", "key_points": [ "All paragraphs of ASC 605-970 (605-970-05-1 through 05-11, 15-1 through 15-7, 25-1 through 25-7, 30-1 through 30-12, 35-1 through 35-8, and 55-1 through 55-20) were superseded by Accounting Standards Update No. 2014-09.", "Because the subtopic is fully superseded, it imposes no recognition, measurement, presentation, or disclosure requirements on current financial statements.", "Revenue from contracts with customers involving real estate is now accounted for under ASC 606; the subtopic remains in the Codification only as a historical marker.", "Sales or transfers of real estate that are not contracts with customers fall under ASC 610-20 (gains and losses from the derecognition of nonfinancial assets), not this superseded subtopic.", "The superseded text may still matter only for periods before an entity's adoption of ASU 2014-09 or for understanding transition adjustments." ], "categories": [ "Revenue", "Transition and effective dates", "Industry-specific", "Derecognition" ], "audience_level": "introductory", "student_note": "Don't cite ASC 605-970 as live authority — it is an empty shell of superseded paragraphs; the common error is treating legacy real estate revenue rules (e.g., percentage-of-completion or deposit methods) as still governing rather than applying ASC 606 or ASC 610-20.", "related_topics": [ "606", "610-20", "978", "970", "360-20", "340-40" ], "key_concepts": [ "superseded guidance", "real estate sales", "revenue recognition", "transition to asc 606", "legacy gaap" ] } ``` Source downloaded (UTC): 2026-09-10T00:51:52.240Z to 2026-09-10T00:51:52.240Z Record version: sha256:1393c4b26a9d2ead2f49a43ce798ebe1895399b6515ebc805f3257a3df7d64b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/970/#00-status) SEC content: no ##### [605-970-00-1](https://asc.understandingaccounting.org/asc/605/970/#605-970-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:52.240Z to 2026-09-10T00:51:52.240Z Record version: sha256:784c50b8c9ecd98d6c6702c115de5a9b5af0c591150039da89aadcbc848293f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
AssumptionSupersededAccounting Standards Update No. 2014-0905/28/2014
Blind Pool or Partially Blind Pool PartnershipsSupersededAccounting Standards Update No. 2014-0905/28/2014
Flip TransactionsSupersededAccounting Standards Update No. 2014-0905/28/2014
General PartnershipSupersededAccounting Standards Update No. 2014-0905/28/2014
Investor NotesSupersededAccounting Standards Update No. 2014-0905/28/2014
Limited PartnershipSupersededAccounting Standards Update No. 2014-0905/28/2014
Ownership InterestsSupersededAccounting Standards Update No. 2014-0905/28/2014
Partnership NotesSupersededAccounting Standards Update No. 2014-0905/28/2014
Project CostsSupersededAccounting Standards Update No. 2014-0905/28/2014
Syndication ActivitiesSupersededAccounting Standards Update No. 2014-0905/28/2014
Syndication FeesSupersededAccounting Standards Update No. 2014-0905/28/2014
970-605-05-1 through 05-11
SupersededAccounting Standards Update No. 2014-0905/28/2014
970-605-15-1 through 15-7
SupersededAccounting Standards Update No. 2014-0905/28/2014
970-605-25-1 through 25-7
SupersededAccounting Standards Update No. 2014-0905/28/2014
970-605-30-1 through 30-12
SupersededAccounting Standards Update No. 2014-0905/28/2014
970-605-35-1 through 35-8
SupersededAccounting Standards Update No. 2014-0905/28/2014
970-605-55-1 through 55-20
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:f7e00f4799ab7a0270a62059971117e84a10a64cb71030ddadcff5dfca75e027 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/970/#05-overview-and-background) SEC content: no ##### [605-970-05-1](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:6e955ef34efd6650fd350d9f2db75002e2858163ca2facb985ace82c720cff0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ### Real Estate Syndication ##### [605-970-05-2](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:3a7ae75463fd87d9e24d505cf6b6977942d1c9162f6fbde159b26078fee706f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-05-3](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:5fc761850672fcbd21e5a490783543c8c66d6b3e2542ab1189683ebac40d0147 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-05-4](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:7b570b4ad1de73f5482d2de76f467f070971977b4deeef5f0f6d113fc10a7ae6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-05-5](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:87586ad65f7ce8c2f596c877b9a675fa22cc40943ce230f02380eda429bf77f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-05-6](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:7ca2e4e0db839485d8e91aa8df15187148ce1f97a746aa7add16bee21db6936a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-05-7](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:a4b1501a02b7b7862d2dd12ce743947d088e72cf4a80ab55772c22a09ce2a279 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-05-8](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:0b80a9286f7cc5bc726a00f1120898b7fdb8fd30dd4d89814e7d917eec8ad84a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-05-9](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:2af4a5de2b87dfdb7e44fb9acd913260011247af6ba13487dbbc75461715fc38 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-05-10](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:5bff4ec3a90b1e9d220c25d884330a0e212a9d45a1033673a6063c56a883d531 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ### Real Estate Project Costs ##### [605-970-05-11](https://asc.understandingaccounting.org/asc/605/970/#605-970-05-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:55.513Z to 2026-09-10T00:51:55.513Z Record version: sha256:8b45ab39feb0554de309cc0ea9ef5440e424b60fc0207bd5a8ec35b359b56b5c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:51:58.653Z to 2026-09-10T00:51:58.653Z Record version: sha256:e899029b37b838d228ed176b32440c26427fc0d71a7dce5fa44a3aa10f98c978 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/970/#15-scope-and-scope-exceptions) SEC content: no ##### [605-970-15-1](https://asc.understandingaccounting.org/asc/605/970/#605-970-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:58.653Z to 2026-09-10T00:51:58.653Z Record version: sha256:6020ea017e37b106ebea361af5183ee453753060aaa72900dca173a1b72e4152 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ### Real Estate Syndication ##### [605-970-15-2](https://asc.understandingaccounting.org/asc/605/970/#605-970-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:58.653Z to 2026-09-10T00:51:58.653Z Record version: sha256:46e27c40faa2432c0ce28bb499db7ee9c173553ae03eb889d4da7b49cd595da4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-15-3](https://asc.understandingaccounting.org/asc/605/970/#605-970-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:58.653Z to 2026-09-10T00:51:58.653Z Record version: sha256:3b30f03b082c8ccf412ff5b9a2132ef4ae9fb3eb006a9c7e8ac9c7c2a357bc73 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-15-4](https://asc.understandingaccounting.org/asc/605/970/#605-970-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:58.653Z to 2026-09-10T00:51:58.653Z Record version: sha256:984a4af745c80de1995fcf011c1947dd0e69ca328c9f807625555eaa5f7cb6d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-15-5](https://asc.understandingaccounting.org/asc/605/970/#605-970-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:58.653Z to 2026-09-10T00:51:58.653Z Record version: sha256:30e0cc0558b725d32d5a12e9d6022502b4bee52fc19945c22f06a6cc41fa1b07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-15-6](https://asc.understandingaccounting.org/asc/605/970/#605-970-15-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:58.653Z to 2026-09-10T00:51:58.653Z Record version: sha256:631c874fd321ee1636b8cf7c3070d872e56fbae8ae72690c8a443fa36288e887 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ### Real Estate Project Costs ##### [605-970-15-7](https://asc.understandingaccounting.org/asc/605/970/#605-970-15-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:58.653Z to 2026-09-10T00:51:58.653Z Record version: sha256:a1eab36754033d33ed0b49a481d5fe7834c5f71629f35ca84a614070364bb33b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:02.604Z to 2026-09-10T00:52:02.604Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/970/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:52:06.719Z to 2026-09-10T00:52:06.719Z Record version: sha256:7bcd7287c696c5607be3874b06a8752e5ae23eab0566cc45b3554becd665700c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/970/#25-recognition) SEC content: no ### Real Estate Project Costs ##### [605-970-25-1](https://asc.understandingaccounting.org/asc/605/970/#605-970-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:06.719Z to 2026-09-10T00:52:06.719Z Record version: sha256:2f94ae7ceb3922a66210f1d5ad3a299db3eecf5e21130173f609e3a3ddebfd10 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-25-2](https://asc.understandingaccounting.org/asc/605/970/#605-970-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:06.719Z to 2026-09-10T00:52:06.719Z Record version: sha256:a466c948eb20507867be7b79761ea27d49c990efa594dbf28495d8a8655297a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-25-3](https://asc.understandingaccounting.org/asc/605/970/#605-970-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:06.719Z to 2026-09-10T00:52:06.719Z Record version: sha256:3fc49a52a20d97fa4503b9a1d139064254225967bc383028052fcd3783cf5fe9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-25-4](https://asc.understandingaccounting.org/asc/605/970/#605-970-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:06.719Z to 2026-09-10T00:52:06.719Z Record version: sha256:2710cd39c90d7e25cc1d269843847df9b0ab0b3067c69be5e382680707b188d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ### Real Estate Syndication ##### [605-970-25-5](https://asc.understandingaccounting.org/asc/605/970/#605-970-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:06.719Z to 2026-09-10T00:52:06.719Z Record version: sha256:01aaae41ec6729bbb2d1a9730025c1019fe9456de29355f44c37c01abd2e9be3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-25-6](https://asc.understandingaccounting.org/asc/605/970/#605-970-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:06.719Z to 2026-09-10T00:52:06.719Z Record version: sha256:b52901993334e20030a0a8cf6de39696b1a975f4fb8a39904986800059054c7f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-25-7](https://asc.understandingaccounting.org/asc/605/970/#605-970-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:06.719Z to 2026-09-10T00:52:06.719Z Record version: sha256:cf077479467e0ff268e62a6181e5beb21fb7e585fdf0cd6612b8b7593f99fc0e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:7d4070545d7a90860a59290386bd644f8fba409f6dd2e71f0f88312346bc0d55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/970/#30-initial-measurement) SEC content: no ### Real Estate Syndication ##### [605-970-30-1](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:5c00e14038e6e0a18201ce21e5d84100bfd00158891193fb17c9821539b2f93d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-2](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:9b45db809888a478b506d8efb750b56cbb94ce2b83d88ad7c2b7e9b549df8ce6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-3](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:bc323d4c046738ce33b7738c7ddecbdfe837d698e55c7d58abe2a0923711c6c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-4](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:071bda3e2558de0359fe30d7319eef179d07f104d1badcc2563edf03213c8035 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-5](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:e5fe3b478e4588530950cad37096af218f3b0411cdc8834bdd514c0b23527389 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-6](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:324cb64f961421f6cadb3699901b490e09e615b41c50ea9c4025760bc9ad326d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-7](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:7b519f83fd2074b1cbd04139201413e4e4c88175bef95dce2a907ba1af013f6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-8](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:56d3f325ae10bd832aeddde1f585525c84105d7b1e5bd0a2dc18212eb9f87345 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-9](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:6622c57566b5499a214d71442bbcbe2e824773d832d3831e85029a20c83a6a51 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-10](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:b733b9487ddf318a92d55a79a8b6c8a692bbd9d9d4eb239b1705b5248a77dc37 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-11](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:eabce49a00ed8ad2768d21b478b1a990298ea151cba2c6f548763da6386bcea5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-30-12](https://asc.understandingaccounting.org/asc/605/970/#605-970-30-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:10.494Z to 2026-09-10T00:52:10.494Z Record version: sha256:d3c1097cfc1dfbb013b70c427d36f7c8a97e442f55f901cd415c33e2e09c2329 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:22c1e6718d1490ad40548e9cdb748db3a27c435b2938eb8042a9e746baa2fe3b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/605/970/#35-subsequent-measurement) SEC content: no ### Real Estate Syndication ##### [605-970-35-1](https://asc.understandingaccounting.org/asc/605/970/#605-970-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:33ca92cb5946e2983f4e6444ff8d9c3868571cd198df50746300063a6bbacfa4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-35-2](https://asc.understandingaccounting.org/asc/605/970/#605-970-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:b911f7284aed96ba1880c9cfee1524033cf135ca8b2472409d5d5d497cb805e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-35-3](https://asc.understandingaccounting.org/asc/605/970/#605-970-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:7bdf07953a85f67dba0677624b6d8becdedb76969ad6962bb62727b3e443b85a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-35-4](https://asc.understandingaccounting.org/asc/605/970/#605-970-35-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:da908c70ad63568a3840e2437d6d02868910d61dead587f78438f71299868014 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-35-5](https://asc.understandingaccounting.org/asc/605/970/#605-970-35-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:06bf2c0800608ae4f728eef78be07e34cf582f225b4d5403ea92c5f70f8d1245 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-35-6](https://asc.understandingaccounting.org/asc/605/970/#605-970-35-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:0d287941630a3dda5d6cff35a2e5fe33527324379e27ec1f68e415f8c2c678ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-35-7](https://asc.understandingaccounting.org/asc/605/970/#605-970-35-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:a3912d2ee0c20461af49db2594e8d9685f5882b08eef07ed9b73812dcbee474f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-35-8](https://asc.understandingaccounting.org/asc/605/970/#605-970-35-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:14.005Z to 2026-09-10T00:52:14.005Z Record version: sha256:8de95846277e108eccf9b3cb79501fe169052df3a0aa451cdcc9cd9045cfd608 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:d6ff8a40b2d94476274b22b05941214c0a5b376a8a6547fd78be8ef5dad63794 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-970-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/970/#55-implementation-guidance-and-illustrations) SEC content: no ### Real Estate Syndication ##### [605-970-55-1](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:68626204358f8d4db85af3119044e31beffff236a1e7d88b9621aee6040b9307 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-2](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:5d4896d5b1342161258ed01675079fd2aea895970e9adf6b613683dff2c0018f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-3](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:7c83118f99dcf93b40d70f0a09654f0c2f04b78a0fa32b4114bf44460af068df Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-4](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:35d2cf8df8992aeb9d89e564d560337c600fbd53dae29482768778bc238b1e44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-5](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:dd55fb537e8222ecdcbb7c479b714c8dfa235196e25ccc1c4f870e0100ba8ec7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-6](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:8e3c52271884548ab71782af11ca8b46c01c6a54cc859592204e895d852f1166 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-7](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:ade43e0862c2bf2c6f0ae5232b6442ba3097ba7b02f8a92fd1b219edb35a06d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-8](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:3088cbfdf4ad127bc8de3dc87d02531c061526054b37dd94d9fbd28507bbd9ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-9](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:1fae70648f098500baf78a0e341e84551678e76c1feba9681e7214656f28e463 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-10](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:fb1d0e6f071d518488124bddf6606a9970dfa73a750e61711bc52e0952647528 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-11](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:9093d633bb4437b827e3c2746ec6b2283ed0c56911e4d1040d51e92654a0706a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-12](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:397b5d72387ad74a3d84eec095128e75d742bc376834310e5c27dac062f7e6f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-13](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:51e639a9aadd3c8fe9ad21cc2b10b43075b1765b04bfe64cf5009acdbb8e3f8f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-14](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:6f007d5182d4108323c490e023e936f5aa82bb97ddfbf131b4594bbcdab21510 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-15](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:c499e05b9d64cfd8a651d639d0800bfdefb211f5d9631372a2bf7dde1f3c8b41 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-16](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:7f4f57858945ffe0b769d52b137f9b95b1a7a6f7278ae69e71ffae617330a447 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-17](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:73ed2fc18a00ccc492c923f2ef7e044f8364089a481d7dcb2860e9e568293030 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-18](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:cc29905b5d72b582407ac24aa0d05f1f3d3eeedab9e3dc522d5b91a7680dc582 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-19](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:c9358c11d9e894cc046f8d6dcc47956583428941753808b2f8e0d8905b7ff380 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-970-55-20](https://asc.understandingaccounting.org/asc/605/970/#605-970-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:16.340Z to 2026-09-10T00:52:16.340Z Record version: sha256:11002f26d79f5dc9b103facdd8bce24121e57fbc08b5c65a033d9fdbac62314f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:23.083Z to 2026-09-10T00:52:40.219Z Record version: sha256:e9f492c13dd69b6beeab71c0e179c44cf0bcf15c89b55b7a5a520c29dcbf34a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-972: Revenue Recognition — Real Estate—Common Interest Realty Associations ### Machine-generated study aids ```json { "summary": "ASC 605-972 formerly provided revenue recognition guidance for common interest realty associations (CIRAs), such as condominium and homeowners' associations, addressing assessments from members. Every paragraph in the subtopic — scope, recognition, presentation, and disclosure — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). CIRA revenue transactions are now evaluated under ASC 606, with any surviving industry guidance located in ASC 606-10 or ASC 972.", "key_points": [ "All paragraphs of ASC 605-972 (605-972-05-1, 15-1, 25-1, 45-1, 45-2, 50-1, 50-2) were superseded by Accounting Standards Update No. 2014-09.", "Because the subtopic is fully superseded, it contains no operative recognition, presentation, or disclosure requirements for common interest realty associations.", "Revenue arrangements of common interest realty associations, including member assessments, are now analyzed under the five-step model in ASC 606-10-25-1 and following.", "Entities that had not yet adopted ASU 2014-09 applied the superseded ASC 605-972 guidance until the effective date and transition provisions in ASC 606-10-65-1 required otherwise.", "Real estate industry-specific guidance for these associations that survived the revenue project resides in ASC 972, not in ASC 605." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell: everything in it was wiped out by ASU 2014-09, so citing it as live authority is the classic mistake. For any current CIRA revenue question, go straight to ASC 606 (and ASC 972 for remaining real estate industry guidance).", "related_topics": [ "606-10", "972", "605", "340-40", "972-605" ], "key_concepts": [ "common interest realty association", "member assessments", "superseded guidance", "revenue recognition", "condominium and homeowners associations", "transition to asc 606" ] } ``` Source downloaded (UTC): 2026-09-10T00:52:23.083Z to 2026-09-10T00:52:23.083Z Record version: sha256:d01db87e1837426d37639e24b035ce2b40a329b6332ec27b855b398000083a93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-972-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/972/#00-status) SEC content: no ##### [605-972-00-1](https://asc.understandingaccounting.org/asc/605/972/#605-972-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:23.083Z to 2026-09-10T00:52:23.083Z Record version: sha256:da0dc72bd5fde11e0ccfb4e8dbcce1b65751af2d047bb81d81e6c935ed0c2175 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Common Interest Realty AssociationSupersededAccounting Standards Update No. 2014-0905/28/2014
972-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
972-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
972-605-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
972-605-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
972-605-45-2SupersededAccounting Standards Update No. 2014-0905/28/2014
972-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
972-605-50-2SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:52:25.457Z to 2026-09-10T00:52:25.457Z Record version: sha256:28511e6d10912fe3616bcd91fac12527fb6a70d79175131f7e6598dcfe94ad98 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-972-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/972/#05-overview-and-background) SEC content: no ##### [605-972-05-1](https://asc.understandingaccounting.org/asc/605/972/#605-972-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:25.457Z to 2026-09-10T00:52:25.457Z Record version: sha256:fdf0ed8655b9b96b5f93f0f9fe43bb01e1f9319066e382890f3cbb1a389ed380 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:28.273Z to 2026-09-10T00:52:28.273Z Record version: sha256:923cf946d042608e6d2d0fd445ce94b6c91a07eb54a16c768bdd5969f42f3068 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-972-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/972/#15-scope-and-scope-exceptions) SEC content: no ##### [605-972-15-1](https://asc.understandingaccounting.org/asc/605/972/#605-972-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:28.273Z to 2026-09-10T00:52:28.273Z Record version: sha256:d4d37b6b13074291f4deb2d70d7b747bde250ad83498211cdfb4180e39d2894e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:31.409Z to 2026-09-10T00:52:31.409Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-972-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/972/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:52:33.957Z to 2026-09-10T00:52:33.957Z Record version: sha256:3d48de70069263cd6249d47734131fa30aa8218fa18a959b61a6ebaa0bf29157 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-972-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/972/#25-recognition) SEC content: no ##### [605-972-25-1](https://asc.understandingaccounting.org/asc/605/972/#605-972-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:33.957Z to 2026-09-10T00:52:33.957Z Record version: sha256:8c97f23fc7057487c8be413a6724b109b465dbc50b870616d34f3443625ff965 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:37.799Z to 2026-09-10T00:52:37.799Z Record version: sha256:46497f2894c983d0f2aeec64a4533b9e22789ac124d5ccf8fee5cc96ccc41c33 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-972-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/972/#45-other-presentation-matters) SEC content: no ##### [605-972-45-1](https://asc.understandingaccounting.org/asc/605/972/#605-972-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:37.799Z to 2026-09-10T00:52:37.799Z Record version: sha256:8bb47a551e1285c5beccc044bb3c237b9f43fe58c8fd63d6e3a52052d6ab075e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-972-45-2](https://asc.understandingaccounting.org/asc/605/972/#605-972-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:37.799Z to 2026-09-10T00:52:37.799Z Record version: sha256:3b95ce1eddea95a90daeb6802c42d624cf2fd74d8723ff9b7354f8241301f1f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:40.219Z to 2026-09-10T00:52:40.219Z Record version: sha256:9967c954689c873e75f89fbe9ef6af8c5fc739c5c25525c232a56609964ab9da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-972-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/972/#50-disclosure) SEC content: no ##### [605-972-50-1](https://asc.understandingaccounting.org/asc/605/972/#605-972-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:40.219Z to 2026-09-10T00:52:40.219Z Record version: sha256:d9f3cbc7c2373965f0dac0aa1b2c5f480437f103d5543ea3b52299a18083c5e7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-972-50-2](https://asc.understandingaccounting.org/asc/605/972/#605-972-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:40.219Z to 2026-09-10T00:52:40.219Z Record version: sha256:bef554c028c4e0135d40cdd684175a0a68721ee28b18249e1d627d3ede048edf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:43.805Z to 2026-09-10T00:53:03.099Z Record version: sha256:bb5221b6b93282d01d4ae0275aac102c3b7e6b9adaa8598b4f66a934e595aa18 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-974: Revenue Recognition — Real Estate—Real Estate Investment Trusts ### Machine-generated study aids ```json { "summary": "ASC 605-974 formerly provided industry-specific revenue recognition guidance for real estate investment trusts under the legacy ASC 605 revenue model. Every paragraph in the subtopic (Sections 05, 15, 25, 45, and 50) was superseded by ASU 2014-09, the revenue standard. REIT revenue transactions are now accounted for under ASC 606 (contracts with customers) or, for rental income, under the leases guidance in ASC 842.", "key_points": [ "All paragraphs of this subtopic — 605-974-05-1, 15-1, 25-1, 25-2, 45-1, and 50-1 — were superseded by Accounting Standards Update No. 2014-09.", "No extant recognition, presentation, or disclosure requirements remain in ASC 605-974; the subtopic is a shell retained for historical and cross-reference purposes.", "Revenue from contracts with customers by REITs is now recognized under the five-step model in ASC 606, principally 606-10-25-1 and following.", "Rental revenue earned by a REIT as lessor falls outside ASC 606 and is governed by ASC 842 (or ASC 840 for entities that have not yet adopted ASC 842).", "Sales of real estate by a REIT are evaluated under ASC 610-20 (other income — gains and losses from the derecognition of nonfinancial assets) when the counterparty is not a customer." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Derecognition" ], "audience_level": "introductory", "student_note": "Do not cite ASC 605-974 as live authority \\u2014 it is entirely superseded by ASU 2014-09. The common mistake is assuming REITs still have bespoke revenue rules; instead, analyze whether the inflow is a lease (ASC 842), a contract with a customer (ASC 606), or a nonfinancial asset sale (ASC 610-20).", "related_topics": [ "606", "610-20", "842", "974", "340-40", "605" ], "key_concepts": [ "superseded guidance", "real estate investment trust", "industry-specific revenue guidance", "revenue from contracts with customers", "rental revenue", "derecognition of nonfinancial assets" ] } ``` Source downloaded (UTC): 2026-09-10T00:52:43.805Z to 2026-09-10T00:52:43.805Z Record version: sha256:ac2226651351f0418d5ca99b736419d08e269c9f410d11fbb5510f016a124975 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-974-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/974/#00-status) SEC content: no ##### [605-974-00-1](https://asc.understandingaccounting.org/asc/605/974/#605-974-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:43.805Z to 2026-09-10T00:52:43.805Z Record version: sha256:bc15c1c444e0401a2a91d5c8ae9b8f7cc7d9544e5841c453a5d376f079c91e50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Real Estate Investment TrustSupersededAccounting Standards Update No. 2014-0905/28/2014
974-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
974-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
974-605-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
974-605-25-1AmendedAccounting Standards Update No. 2012-0410/01/2012
974-605-25-2SupersededAccounting Standards Update No. 2014-0905/28/2014
974-605-25-2AmendedAccounting Standards Update No. 2012-0410/01/2012
974-605-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
974-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:52:47.492Z to 2026-09-10T00:52:47.492Z Record version: sha256:17eab41912261a7645694a1c9b36f97db6f395f8b9335e5c7a88a9ba2b7e95ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-974-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/974/#05-overview-and-background) SEC content: no ##### [605-974-05-1](https://asc.understandingaccounting.org/asc/605/974/#605-974-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:47.492Z to 2026-09-10T00:52:47.492Z Record version: sha256:4306b244e076447b25963e5c72b4875e668eb391a0ad2795031464e2a2cde082 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:49.790Z to 2026-09-10T00:52:49.790Z Record version: sha256:616bc71e81c53173aa3dea638ca840911773064c21c916df753c5d83ffc83d28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-974-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/974/#15-scope-and-scope-exceptions) SEC content: no ##### [605-974-15-1](https://asc.understandingaccounting.org/asc/605/974/#605-974-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:49.790Z to 2026-09-10T00:52:49.790Z Record version: sha256:c1d3154ddfeab5e614ffcf8f5d9b05111466b4805a82596856af8a16ad642cbb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:52:52.069Z to 2026-09-10T00:52:52.069Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-974-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/974/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:52:56.406Z to 2026-09-10T00:52:56.406Z Record version: sha256:905d18cd4824f0391ca98b4d19652a097c5c5690cda6c7eeb59c86f2143908ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-974-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/974/#25-recognition) SEC content: no ##### [605-974-25-1](https://asc.understandingaccounting.org/asc/605/974/#605-974-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:56.406Z to 2026-09-10T00:52:56.406Z Record version: sha256:d8f5f918784ab5983aa54320851b5e3384aec9f45ef36d1886f6eb06432cb727 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-974-25-2](https://asc.understandingaccounting.org/asc/605/974/#605-974-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:52:56.406Z to 2026-09-10T00:52:56.406Z Record version: sha256:f515225bef60b144fabc5b536455a588abf02aba2df6efebaeb110bbdf4a973c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:00.423Z to 2026-09-10T00:53:00.423Z Record version: sha256:0a0011436b82bf167bca99a3f7d071d402ca517dae15be51252c49a1b7491047 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-974-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/974/#45-other-presentation-matters) SEC content: no ##### [605-974-45-1](https://asc.understandingaccounting.org/asc/605/974/#605-974-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:00.423Z to 2026-09-10T00:53:00.423Z Record version: sha256:9a7f1e5ea8dddd87d5676a7f92a6c56fa5ea32107a3d8ffd0cfedd75bd10362b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:03.099Z to 2026-09-10T00:53:03.099Z Record version: sha256:851f9d3e2b96300dcb09c12776ef6c085e72221d93c1744953ef83a44b6bdba4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-974-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/974/#50-disclosure) SEC content: no ##### [605-974-50-1](https://asc.understandingaccounting.org/asc/605/974/#605-974-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:03.099Z to 2026-09-10T00:53:03.099Z Record version: sha256:5c26341bcd78ee0dea671aa8a7f1dee05dc633ed567270328ccc755404eab1e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:06.353Z to 2026-09-10T00:53:21.715Z Record version: sha256:08287ad0454b9dec6c88e253cb690921d48f5005d5e136c92e90d1ebcca96f00 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-976: Revenue Recognition — Real Estate—Retail Land ### Machine-generated study aids ```json { "summary": "ASC 605-976 formerly contained the industry-specific revenue recognition guidance for retail land sales (sales of lots in subdivided developments, typically on installment contracts with refund/cancellation periods), including the percentage-of-completion and installment methods for such sales. Every paragraph in the subtopic — Sections 05, 15, 25, 30, 35, and 55 — was superseded by Accounting Standards Update No. 2014-09 (Revenue from Contracts with Customers). The subtopic therefore contains no remaining operative guidance; retail land sales are now accounted for under ASC 606 (and ASC 610-20 for sales of nonfinancial assets to noncustomers).", "key_points": [ "All paragraphs of ASC 605-976, from 605-976-05-1 through 605-976-55-14, are marked 'Paragraph superseded by Accounting Standards Update No. 2014-09,' leaving no operative content in the subtopic.", "Because the entire subtopic was superseded, the legacy retail land sales criteria (such as the specific down-payment, refund-period, and receivable-collectibility tests that governed use of the accrual or percentage-of-completion method versus the installment or deposit method) no longer apply.", "Revenue from contracts with customers involving retail land sales is now recognized under ASC 606 using the five-step model, including estimating variable consideration for cancellations and applying the transfer-of-control criteria.", "Sales of real estate that are not contracts with customers are accounted for under ASC 610-20 on gains and losses from the derecognition of nonfinancial assets.", "The subtopic remains in the Codification only as a historical marker; entities reporting periods before the ASC 606 effective date (or comparative periods presented under legacy GAAP) may still need to consult the superseded text." ], "categories": [ "Revenue", "Transition and effective dates", "Industry-specific", "Recognition" ], "audience_level": "intermediate", "student_note": "The only thing to know here is that this entire subtopic is dead letter: ASU 2014-09 wiped out the specialized retail land sales rules, so never cite 605-976 as current GAAP. The common mistake is assuming real estate still has its own revenue recognition regime — it does not; apply ASC 606, or ASC 610-20 if the buyer is not a customer.", "related_topics": [ "606", "610-20", "976", "360-20", "340-40", "605" ], "key_concepts": [ "retail land sales", "superseded guidance", "revenue from contracts with customers", "installment method", "percentage-of-completion method", "real estate sales", "transition to asc 606" ] } ``` Source downloaded (UTC): 2026-09-10T00:53:06.353Z to 2026-09-10T00:53:06.353Z Record version: sha256:bd71c4d7d99a5be83edfbd2b6f38f6e69e204c4efba2f23ae426799643cd5186 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-976-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/976/#00-status) SEC content: no ##### [605-976-00-1](https://asc.understandingaccounting.org/asc/605/976/#605-976-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:06.353Z to 2026-09-10T00:53:06.353Z Record version: sha256:328a68763e651a6ab6ab280671ffa65999427365a7634cd26eb7acd3c90b74bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Full Accrual MethodSupersededAccounting Standards Update No. 2014-0905/28/2014
976-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
976-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
976-605-25-1 through 25-12
SupersededAccounting Standards Update No. 2014-0905/28/2014
976-605-30-1 through 30-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
976-605-35-1SupersededAccounting Standards Update No. 2014-0905/28/2014
976-605-55-1 through 55-14
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:53:08.329Z to 2026-09-10T00:53:08.329Z Record version: sha256:c1ebc7543e7aa8e1cc71adeca71b5768fd1dcc2876cc90dc211c045fc7df2633 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-976-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/976/#05-overview-and-background) SEC content: no ##### [605-976-05-1](https://asc.understandingaccounting.org/asc/605/976/#605-976-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:08.329Z to 2026-09-10T00:53:08.329Z Record version: sha256:6643a61891cd940e6d278f8ab849675c7ad61267c240da6250636ba733cf7196 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:11.045Z to 2026-09-10T00:53:11.045Z Record version: sha256:668ed9d4b7345e3b0f87f8a06b67348cc5a93b4ac17eed3ce2ace8b81144865b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-976-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/976/#15-scope-and-scope-exceptions) SEC content: no ##### [605-976-15-1](https://asc.understandingaccounting.org/asc/605/976/#605-976-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:11.045Z to 2026-09-10T00:53:11.045Z Record version: sha256:0d69ed1231b732fc0641c457ad43db2584e62854c67449845d0bac53bf668258 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:ef4cebbd68cad0b9e88cb785deeb4f6ac1a1080c9f91cc5bb23c43e6fd493dfc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-976-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/976/#25-recognition) SEC content: no ##### [605-976-25-1](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:bedc390be4f1e828c0510c7012e0e65852bf1fdb1977161df70fbde9ad640c42 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-2](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:9b03a9b65f550a34fdbdfb04cde488f6dc04c1e3441207e4d48f6edd39bcd187 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-3](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:00bef0b1e5a849e30efd8d08e00dc7ab6430dc07b8cdcc870b4b1088bbb977a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-4](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:e7b83da235e4a8feed733035e07660bf61bd8f821331d5920020be1165d7cb62 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-5](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:aea26ecfe114e0ec4171b0d4d58d9beeb184c3ce0ff0258cc34d11fe7f09dab5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-6](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:c057dea8272cf62bcc196b6af18cfe2132fab64336864905b0d4834240b63810 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-7](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:90185598a362d03cccb72506d0595a41850f350bd03f6af433a42d07c6f9f1a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-8](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:39559fd7c585ae9d5ce3ab298ccccd0cba6c7a368aa7da339934b7b1ceb3b9eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-9](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:e992929ea349a977044390a85cb8554e222e2ca7c47f6298af7ce146c9bc5998 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-10](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:b7bf6e89367431b67f5a3bd3d8225edd56fea4ab2383260f9383c6dca1bea5ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-11](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:f58f975f6e03ee6f4006333dcd48b2f09ca2793cb35f7e2d27cd2fa4ebfda817 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-25-12](https://asc.understandingaccounting.org/asc/605/976/#605-976-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:13.755Z to 2026-09-10T00:53:13.755Z Record version: sha256:41cd725a4b5f5de0078abba642438a2136f6da69278b4498bb397bd9e0439eea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:16.659Z to 2026-09-10T00:53:16.659Z Record version: sha256:f3906cbc3216a937e7a5e39056cfdb32a66cfda1235fdf76b4e6f4fc9b066261 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-976-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/976/#30-initial-measurement) SEC content: no ##### [605-976-30-1](https://asc.understandingaccounting.org/asc/605/976/#605-976-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:16.659Z to 2026-09-10T00:53:16.659Z Record version: sha256:e39c07bf81c786701afa6d14342c369b3a3484179eb06020a5dc0607f3380e93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-30-2](https://asc.understandingaccounting.org/asc/605/976/#605-976-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:16.659Z to 2026-09-10T00:53:16.659Z Record version: sha256:0750af539f5776fc81dc6fcffa90e14a9295bd219860769f4da3f353c83ed7b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-30-3](https://asc.understandingaccounting.org/asc/605/976/#605-976-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:16.659Z to 2026-09-10T00:53:16.659Z Record version: sha256:b28ea4268cdc3172c48e8ba2c9aee9266e9ef06ff2f20bd898cd667de4d13235 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-30-4](https://asc.understandingaccounting.org/asc/605/976/#605-976-30-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:16.659Z to 2026-09-10T00:53:16.659Z Record version: sha256:b46bea6ff2289df02835834bc6f37e3644f9d7627ff590dd8fe8acbe5b51bac4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:19.495Z to 2026-09-10T00:53:19.495Z Record version: sha256:13ef5746403f2d17c4157517d4e0744b9d7972fbd365610ac80987ddda12c861 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-976-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/605/976/#35-subsequent-measurement) SEC content: no ##### [605-976-35-1](https://asc.understandingaccounting.org/asc/605/976/#605-976-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:19.495Z to 2026-09-10T00:53:19.495Z Record version: sha256:ea6ba3b85edb9ee8f20fb0e71ba28e3194dfd423a1d8608cc4220098d6269ba6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:ac1d5c56a92241745b62a37309cff49e7241bcefd137310ff68b31138da04350 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-976-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/976/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-976-55-1](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:9bfee21e09a81300a68770d1a3626bbd06366e6f1607fbd0cdf98ed4bd9d2674 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-2](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:bd1d6aaa202756b461c4ce98edeef053a493faa8b8e80047317359b396e1a98c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-3](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:2a8f7297338c88adc7330e9c4d9da70ad95f69139f845dae7be58dbc6b859b18 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-4](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:f168ea291550a39b1c51d587966ceb3bb6f2454b554c8418a7dbd6e3dab8b66e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-5](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:e5e009c8e12e7bfed07de19e76cae144b7c1a2f8c195eb6714c2db78764e0b0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-7](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:eda5dacad83cf93707a40de267575c69be9c68510025129a7baadd96d91b4c56 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-8](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:3b85694ad8d30eec81cb43f9abce8d96907ef00ba57a6164031ab22242c8e3a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-9](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:97dcc219f8612f196b6e50a350040fbdf9fad7390d1a4723317b79ef0edec067 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-10](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:0e4705666d6a2d41016282f38dd43cbcd1abc4f56f422da50cff35dcf88cbad5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-11](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:b25dc1cb30f992b83204db85a1b72964c2b1278e7e2158df4f220147ee751147 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-12](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:529da1ae9b57b58041d6c9156861bb34e0169467d17b479aa4e0eb7132b9da8b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-13](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:522a3a4f1b7e5be0a88206ae0fb88140c63bf54e0ccd75d74c1d81a0196756d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-976-55-14](https://asc.understandingaccounting.org/asc/605/976/#605-976-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:21.715Z to 2026-09-10T00:53:21.715Z Record version: sha256:cd40005d8b188547882a60aa89394bd98c52bb3c73f55cc4fd2506aad3562f66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:24.836Z to 2026-09-10T00:53:43.671Z Record version: sha256:df28332bbc71ffb5f63c5a5da6ec05092aa7745206c21f7b4f657273c018ae6a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978: Revenue Recognition — Real Estate—Time-Sharing Activities ### Machine-generated study aids ```json { "summary": "ASC 605-978 formerly contained the specialized revenue recognition guidance for real estate time-sharing transactions (interval sales, vacation clubs), including profit recognition tests, buyer's commitment and continuing investment thresholds, relative sales value accounting, and reload/upgrade transactions. Every paragraph in every section of the subtopic was superseded by Accounting Standards Update No. 2014-09. Time-sharing revenue is now accounted for under ASC 606, with transfers of real estate outside a customer contract addressed in ASC 610-20.", "key_points": [ "All sections of 605-978 (05, 10, 15, 25, 30, and 55) were superseded by Accounting Standards Update No. 2014-09, so no operative guidance remains in this subtopic.", "The former recognition guidance at 605-978-25-1 through 605-978-25-21 (buyer's commitment, continuing investment, percentage-of-completion, reload and upgrade transactions) is no longer authoritative.", "The former measurement guidance at 605-978-30-1 through 605-978-30-10 (sales value, relative sales value method) is likewise superseded.", "The extensive implementation guidance and illustrations at 605-978-55-1 through 605-978-55-95 were removed in their entirety.", "Time-share interval and vacation-ownership sales are now evaluated under the contract-with-a-customer model in ASC 606 (see 606-10-25-1), with ASC 610-20 applying to transfers of nonfinancial assets to noncustomers." ], "categories": [ "Revenue", "Recognition", "Industry-specific", "Transition and effective dates" ], "audience_level": "intermediate", "student_note": "Cite this subtopic only to show that the legacy time-share revenue rules were eliminated by ASU 2014-09; the common mistake is still applying old tests such as adequacy of the buyer's down payment or percentage-of-completion profit recognition when ASC 606 (or ASC 610-20 for noncustomer transfers) now controls.", "related_topics": [ "606", "610-20", "978", "970", "360", "340-40" ], "key_concepts": [ "superseded guidance", "time-sharing transactions", "interval sales", "relative sales value method", "buyer's continuing investment", "revenue from contracts with customers", "real estate sales" ] } ``` Source downloaded (UTC): 2026-09-10T00:53:24.836Z to 2026-09-10T00:53:24.836Z Record version: sha256:47005e0dfce456db14e891b97586dc584bc6437881da93ad484a0ba4a0ac655a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/978/#00-status) SEC content: no ##### [605-978-00-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:24.836Z to 2026-09-10T00:53:24.836Z Record version: sha256:d813871224e8a85b2f268e5d7a1676033abf98a34b0543f47c93b48cc53cd4b5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Affinity ProgramSupersededAccounting Standards Update No. 2014-0905/28/2014
AmenitiesSupersededAccounting Standards Update No. 2014-0905/28/2014
AssumptionSupersededAccounting Standards Update No. 2014-0905/28/2014
Continuing InvestmentsSupersededAccounting Standards Update No. 2014-0905/28/2014
Continuing Involvement (2nd def.)SupersededAccounting Standards Update No. 2014-0905/28/2014
Contract-for-DeedSupersededAccounting Standards Update No. 2014-0905/28/2014
Exchange (2nd def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Fixed TimeSupersededAccounting Standards Update No. 2014-0905/28/2014
Full Accrual MethodSupersededAccounting Standards Update No. 2014-0905/28/2014
IncentiveSupersededAccounting Standards Update No. 2014-0905/28/2014
Independent Third PartySupersededAccounting Standards Update No. 2014-0905/28/2014
InducementSupersededAccounting Standards Update No. 2014-0905/28/2014
IntervalSupersededAccounting Standards Update No. 2014-0905/28/2014
Mini-VacationSupersededAccounting Standards Update No. 2014-0905/28/2014
Other than Retail Land SalesSupersededAccounting Standards Update No. 2014-0905/28/2014
Owners AssociationSupersededAccounting Standards Update No. 2014-0905/28/2014
Percentage-of-Completion MethodSupersededAccounting Standards Update No. 2014-0905/28/2014
PhaseSupersededAccounting Standards Update No. 2014-0905/28/2014
Phase (2nd def.)AmendedAccounting Standards Update No. 2014-0603/14/2014
Planned AmenitiesSupersededAccounting Standards Update No. 2014-0905/28/2014
PointsSupersededAccounting Standards Update No. 2014-0905/28/2014
ProjectSupersededAccounting Standards Update No. 2014-0905/28/2014
Promised AmenitiesSupersededAccounting Standards Update No. 2014-0905/28/2014
RecourseSupersededAccounting Standards Update No. 2014-0905/28/2014
Relative Sales Value MethodSupersededAccounting Standards Update No. 2014-0905/28/2014
ReloadSupersededAccounting Standards Update No. 2014-0905/28/2014
Reload TransactionSupersededAccounting Standards Update No. 2014-0905/28/2014
Reload TransactionAddedAccounting Standards Update No. 2014-0603/14/2014
RescissionSupersededAccounting Standards Update No. 2014-0905/28/2014
Right-to-UseSupersededAccounting Standards Update No. 2014-0905/28/2014
Sales ValueSupersededAccounting Standards Update No. 2014-0905/28/2014
Sampler ProgramSupersededAccounting Standards Update No. 2014-0905/28/2014
Tenancy-for-YearsSupersededAccounting Standards Update No. 2014-0905/28/2014
Time-ShareSupersededAccounting Standards Update No. 2014-0905/28/2014
Time-SharingSupersededAccounting Standards Update No. 2014-0905/28/2014
Time-SharingAmendedAccounting Standards Update No. 2014-0603/14/2014
Time-Sharing InterestSupersededAccounting Standards Update No. 2014-0905/28/2014
Time-Sharing Special-Purpose EntitySupersededAccounting Standards Update No. 2014-0905/28/2014
UncollectibilitySupersededAccounting Standards Update No. 2014-0905/28/2014
Undivided Interest (2nd def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
UnitSupersededAccounting Standards Update No. 2014-0905/28/2014
UpgradeSupersededAccounting Standards Update No. 2014-0905/28/2014
Upgrade TransactionSupersededAccounting Standards Update No. 2014-0905/28/2014
Vacation ClubSupersededAccounting Standards Update No. 2014-0905/28/2014
978-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
978-605-10-1SupersededAccounting Standards Update No. 2014-0905/28/2014
978-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
978-605-25-1 through 25-21
SupersededAccounting Standards Update No. 2014-0905/28/2014
978-605-25-3AmendedAccounting Standards Update No. 2014-0603/14/2014
978-605-25-12AmendedAccounting Standards Update No. 2014-0603/14/2014
978-605-30-1 through 30-10
SupersededAccounting Standards Update No. 2014-0905/28/2014
978-605-30-6AmendedAccounting Standards Update No. 2014-0603/14/2014
978-605-55-1 through 55-95
SupersededAccounting Standards Update No. 2014-0905/28/2014
978-605-55-16AmendedAccounting Standards Update No. 2014-0603/14/2014
Source downloaded (UTC): 2026-09-10T00:53:27.085Z to 2026-09-10T00:53:27.085Z Record version: sha256:b2d6d319322d7c140af143b3342c0e6814fa4c64e256520edd009c2d164a1552 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/978/#05-overview-and-background) SEC content: no ##### [605-978-05-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:27.085Z to 2026-09-10T00:53:27.085Z Record version: sha256:6d3cd7df112931656a9f70655382b73061f9fe654fc9598c5381572f317de0d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:29.444Z to 2026-09-10T00:53:29.444Z Record version: sha256:84b410f07512b5ec31e3fb51fbc1084c62006ceca668bc257dfce6c5f9747345 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-10: 10 Objectives [Read section](https://asc.understandingaccounting.org/asc/605/978/#10-objectives) SEC content: no ##### [605-978-10-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-10-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:29.444Z to 2026-09-10T00:53:29.444Z Record version: sha256:1ba0036b8e1535dd76bd3de4eeacf006c580eebd380018b39314d5e0bb950cbf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:32.336Z to 2026-09-10T00:53:32.336Z Record version: sha256:f669ea516c9f5d66204eaaf0690dc0945e737991e08fc6e3639e04c2820e7c8c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/978/#15-scope-and-scope-exceptions) SEC content: no ##### [605-978-15-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:32.336Z to 2026-09-10T00:53:32.336Z Record version: sha256:e226d3e18d8910c0a28a6803faacda3a5a1ba47e6393cde823147ed38dbf2c4a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:34.691Z to 2026-09-10T00:53:34.691Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/978/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:84f1e0183f6768c44a14b4dd6627ab64d27c9e2bab4c436fd70107a13cefbe0a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/978/#25-recognition) SEC content: no ##### [605-978-25-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:5893890b3b9adfb4b5c6710d69da1ba3217ec0bdb680df5ffbc3d3514bb56e47 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-2](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:bc8fc2e461a8ca90d3e980c7d8c8c705652dca4e09b8d5d0bd522c744fa92729 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-3](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:fd6390f5c7fa6643f92f41a93ad693cee309472be2100c0fdb88b59cf98d6da0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-4](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:6fe30df74a8dc11cdc12a23a776ceb90efebb4021c643cac465af50a91add29d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-5](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:730349fa2b6859151690bfe3f054e881952b1ddd58d6cb1fea6de6c50d11964b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-6](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:7e1949013aba2fdd8fa233886ee987a6f50385f62ad322b1971f3e3b70ffc848 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-7](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:b880b3c7f1ce2b3a42e638f25bcee1d4f6eca0c59c81228a37af18557568dd99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-8](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:b13b144db0a35bff1e6d5a83b752a4d9be0ea68c82caee4af5d982cdcbaf8fc9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-9](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:a4522ba1637735228329eecb65207322f93c003b08a71be23349c4cd00252439 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-10](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:145c610ae8c631fc413fc56d879d5b9084bb05ed67965aada6846fdf651a5a09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-11](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:d3b35be8c74e7803354d70de8fb79771ea3f2bcfafcd79f4c9146f23277998e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-12](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:39e4058adbb568aed85a631e21bfa56ebe01dca938a6c6d8d7570959c94d772f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-13](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:4ba3d3bea722aab82ace23949b0633e29d2953eb9d90bc18591844b73255680d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-14](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:b1546a5d185c54203393ff378c8eabd9493d1dfbbf46cac2707eb5e214ea2648 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-15](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:d18fb5552d60ff281ee8a8d5fbf97c6e9aff497813c16a6582a371cda4666294 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-16](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:1edcf7ad7f6a6fc92c9a10431a930c7a06fed071fa1184507f5fd725342d689b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-17](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:eefe54f53a638043142219485a14cd4e9397ca0ee7d68030b345f3401f269423 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-18](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:356d275fbbd6b7c42b7a028cfb1579c68058e913d55f2714a0df4612539a0063 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-19](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:dd04510c51ff1f4a6c2ce0ebcaad7093f31f31ed83ce84a91d183f3d01c8f318 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-20](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:3af986345d9f338f0cdff6440f37501741c0df7007ba252c970dfa2e47ba603d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-21](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:e98a5c86158eeea9882466232e0b869d76da1bcf2c12f21c36a90835d84f4de0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:289c74d46ad54c354521f4e23f2065b66b8faff8847ebdf0ce8ed7e32e2f574b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/978/#30-initial-measurement) SEC content: no ##### [605-978-30-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:f126aba93a401873c913cd80fec10a93c0236127e39baf56e926d47517db11db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-2](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:b4b6e951e63f48d0f64507a8c3ae20f023108b3c510abd9481e89981f164f3ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-3](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:589e783758a2a05959e1ca8a061f10c7cd8b059b182122bb562cb6fe9ebe3f9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-4](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:5d1cbc713d43105dee972ae03ea3fe0ef928750055ae75b4a5d78c004efa5d36 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-5](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:b46a525f7ba87c609309a45963a8a94f38d3b394ef7553e49cc6a634492c75c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-6](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:14828d4a3c23b491a899ccb1ced50704bc5bb655fe59ae0a0e9182f50719ecfb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-7](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:137722e67c491bcf93ca24b0dfe645442ffa2b153416d9272083a1413c8accb9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-8](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:131cf89485480f3ddc8316819930d51d48a05ecd7291be70aa6e88491bc65f75 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-9](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:dea6be61cc9ada4e780e1774a778d0e837264eed66f046bdc0e3764b7bce06ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-30-10](https://asc.understandingaccounting.org/asc/605/978/#605-978-30-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:40.488Z to 2026-09-10T00:53:40.488Z Record version: sha256:c9cebc223f676022eaa252e922cd9f6da1fd568cc5920768ebc7e43d47c62947 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:7061e5bdf1c2183be8a66d4e1b792445be842b0615ed5fe2c0c2b9030898be15 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/978/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-978-55-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:b76394494e4b673de4c14c36e7e330ab1cfd8c6320dbe7235766a8c85d42f1b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-2](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:38ea63625a5de9e0b1b27af6788ef73e76d03a935518d30d969b96db87dfd109 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-3](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:f5773d3efd2fe2ec73d5326845044a6e054f944fbaefcd8ae751ac743dea3b0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-4](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:9abf9536d4e805f44423af8c90aa337ca21c3690829f385a85948a87598b20c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-5](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:2e05fbaa5ab242cad0ff8ec07142bb246baaf6ffb4c13b4816eae9177a2adad2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-6](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:b9f0441d5fa60fa3fed6917b573dee8e60f36fe10baaaed88ff8a02b80fcd4f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-7](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:3b4efcbff5bb4c5f3bbe20e4c00ab693952daa4d13e4acbcb5b728be68fdf742 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-8](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:a527deb64de3af29849e15c5f1d34e6006435c23cae4a30dba0155f040ecfe28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-9](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:7e4222d4d05e81f81e2ede222c55eaa30c535e8ab34d191ff0faa2001daf3029 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-10](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:10ac135343aefa03640a19e4bb1d9e30d890a4d9512f208c0043d5c990946855 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-11](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:1d5ce248a2fef856dda44a2fb703b612b91c1e5b05e478c5df756a0bdb32e572 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-12](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:ce51ff17c43aed701c92d15ce4c92b164e3ec0994491340330a50721171f1ec7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-13](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:0cfa62bb8cd9f1a14e2c5ef04656480bbe67a914f6bc595b4b1eb21ced754ed7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-14](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:ee9e6c08be8ad11104367609e3121cf041077be10f30185102a2a144f5be4637 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-15](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:c22f4c68f3198ce919d409a77dd9c5c04d69e4ebff59776b5a6de1b28b69176e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-16](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:63bd180e98bae5b10b12007ed1795a2cf0e324db710201bcdbfe3532ca045d8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-17](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:1711f3ab2926e68cf70977707e4ee18f7738cafc2c19a622b2625b8362b1b210 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-18](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:bbced9b5577549ad39265613a8c08bf025b93db9bbc644725a0c30c697e9361b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-19](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:e0efd8bf4da72c9cb7159f1e364f481537c1a948f08cd3390036f9db52c6a715 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-20](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:c77cb7f9e1b8a3c62890dc3723e527bd82a525dc507a4692f2ea639c7d99c853 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-21](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:6aa89cb3e52384c4f5ce602c46b2249d16314b1b68ee93dd2cae31f5a93ea40b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-22](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:7a064778b5dd0ce643e6443312cabcf4dfddaaa42ba5b9ae6d9d39910db7c68f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-23](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:e31fef0eb5aa7a0a5144dfa2425fcbbf30d8e087d3c8d5f6b945e9dff5fbe1a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-24](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:602d84a12e5bbc918faa26b189ea1cebde6b557f0595b690aa66c4381335619e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-25](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:2ae23f8f7138222d93a96ba7fb25e5ab89c0d999f6bd6e819de4ae2474ea8112 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-26](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:9be517993ca746771cbfedf4eb05f2b6db00aa3d3516d0bb7be3abb51c04e8e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-27](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:18168db783306e8c70c7f22bd40483a6d4bde32e7b9a84ec1028e5d793890310 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-28](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:9c7b558fe9d481bc3898cc5ee7377e9bdd2789ff024e6f051d53ba54def1632e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-29](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:f892f99f89c1c733f2c536d282f346205ef00c9ac56720bba40342263198e6f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-30](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:864a43ca70b8e3a972405ea9160e3cc74735f4efdde2dda615cb58114b3f7c94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-31](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:3aada9383cafee55379e74cd9fa8504453f76d9ec9c5d207e83c00119470e855 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-32](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:46baad8c6ebdae154d1e44f6afa170437d704f2dea9120eb3359103672c1b361 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-33](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:0937264c454a16b139a45957be18949ee6c067f96b3ebfc57c0810f797ee35e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-34](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:b9c09da6ae9e314c5a28b6a2cccc71526c990376a136d1172296c019c77b5ed4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-35](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:6a193d2f59a01228314069e81dd41c063bb67176aee0f1bc7a64ac705ed26d35 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-36](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:37bf29595ea77553deed5637973f241c53f195ed709a0802717be407427deb72 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-37](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:8776f8f3b7c6e268e1a073430facec0a3e3bf629a3261bf14cce838452cad741 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-38](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:cd3bbec5247f8533d10887db5bc64fbf526e62af9ffe224c8ac952f1d3cd3ef1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-39](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:4ea20bf356ffbb1d4a1fd60ea8506b37e146f8193f9ae799df307cedf6413675 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-40](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:b42f07b10c5652aa5f3945fa80ee9373019d989ed8e78f3951fc3b95024a4b09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-41](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:e2da0f69f2a0b0591f8e2d5c3eb9dd8f557562cad5dfb9fda149149cad802f85 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-42](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:ff62156a2aa8a8457df87f536b933dee2383e121d4af89ce58a4af259a373b99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-43](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:76a7e5f9f04d2a724bd9bb65ae63b4e8aebf95b5f552184797a56151c23943bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-44](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:25bdeeadaf4fec3e12d5c4b467be337dd56099e583e9cbd7f1a637518a507965 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-45](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:85debc634f7992b07d111413156e486d8679c5130caa14b1e8a5b7539b456103 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-46](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-46) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:6323bb6e7888f4665f9a7f844e945b639fcb30e7b1677b01c6752b5e88157a9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-47](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-47) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:53c9621470d8df70e12c2179b6bc24f7481c5a77cefdf51a2055cb6f97abe1ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-48](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-48) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:eda058b745ff7ec5887e6902d979ef9177dee364d1d131bb9ac621ce0fbb1a3f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-49](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-49) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:d42d353dcedd5e8e3e5b584107722b84fcfd2f5e4508f595fd411794e923a716 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-50](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-50) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:2eb16b0ad2177d27dc65f3955420c9142df762f70400d484ca3bb158f1db84f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-51](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-51) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:e811f328b1c18c78cc6182b898dba2c7c14386e6bdf0ff7f766cb7e9238bcc46 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-52](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-52) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:441fcd8655d93a9954c9520c96daf68b6b837c8da7937f17627cc806a593e727 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-53](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-53) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:a75a4029ebed2dde1d06d991442420da948b5e795311b0762a6ec2c9cf28bdfe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-54](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-54) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:6fe8d3617f54ecd7e03741abdb1b247c4d5548839a5d62149069068f5381babb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-55](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-55) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:d2b246d0be14703228d44af8737e0e76342b03d7818b0eabe9c4274197702959 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-56](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-56) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:eda2503c1269ec3b069ca57a07b5e200c7124d76478cdb9b073e61a2ddc6d3e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-57](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-57) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:aab1c7cac4f80f948faf80c933c00b46e01eaec40c5d81689b25b02911a7e2d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-58](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-58) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:750fb8fec9c3cf30c98a51c2583c3910ea6f240aa374a565a8763c53b1e18568 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-59](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-59) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:ffd524fdeaeb2e5abca92908cfd11caee1d9b3c9daefebf88a70e45b10b555d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-60](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-60) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:5a674d288e23d773600552e2b797d52db59ab90851abc2948cea579b77d89849 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-61](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-61) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:11ee102aa86bba37f0ef2cc29713bd66002dfa47a699fb42b398429c2bad4e04 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-62](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-62) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:fd21fa248d502691c9ea26d3a3878aa5a4526227d55ac5858aead2d4bddb19aa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-63](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-63) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:f79df5114285af9cce30e916a927ddcadef28e53b3c5f8e6b3a2f7bf0dd27ede Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-64](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-64) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:bf7a8f8573db1828608effb8d97537b00293e0676ed1b10f14feddd05851add9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-65](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-65) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:e6f15a9acd680ab6578cb39ba4a248cc376ab4cde1dcd6f8cddde092dd9789ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-66](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-66) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:c16dad890aa62f10c9cf41075d47a2ebd8eb279bef66b3582eefddb108656cb9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-67](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-67) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:fe2a8ec01e1c8cddd35272715cd406405156fc3ccae5e099a87064f89bcb5240 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-68](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-68) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:f4175a86b0399d03e961f42d0498c81fb8fbd179d9d70ca89b1ed678796b2e59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-69](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-69) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:99ee2f5245075397d6b455bf2b74258f5569830be860df5e911ccaf56bab5ac4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-71](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-71) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:fd767e3984bb648ac4aa3cca32bd5f76a0a560e77dfc18e149074e09502b3d24 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-73](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-73) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:f18414cb3fd7b1c1b2b7eb85bf447b4cf1795a9f4ed48341c29622bf270a5df4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-74](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-74) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:d56d410227107c8e9a3e4552671ea2e4ece6714e4100aa24b2976c3fbe64464b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-78](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-78) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:8ebd569f49ba7be6fecd8cd71bca1175d38f0d098fd82ecc268770ede7d27dbd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-85](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-85) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:65f9780f4715138204ee57e72a168a57c68650dfc95c39f24bfaaac1106014f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-90](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-90) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:2e43c770a47b693619ca56a5a058597616ee5637ce6da2fa739854c04931321f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-91](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-91) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:a5701ebe174e1db04524597fc403724b18467c65810acca563c578cc66f041f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-92](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-92) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:238ff90753d0873fd3a68fd79e98cd2b8e3cff0a660fbe9022954655f2946865 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-93](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-93) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:87a1ee6683b4ffc4b190c5af15213e8b62a1751322a56ddffa235f75c757f681 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-94](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-94) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:79f5f9d2a49a5f01d9e9e5f0e979f8453af2cb65a7d7641878efe6c8f94b7298 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-55-95](https://asc.understandingaccounting.org/asc/605/978/#605-978-55-95) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:43.671Z to 2026-09-10T00:53:43.671Z Record version: sha256:581b27e7f6b599b390ee33d55d2bfdd9f21a1aa32a3cae539e55ca55dfb5ac56 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:45.930Z to 2026-09-10T00:54:08.764Z Record version: sha256:381fb4ffc783bb9a94806e25c38746e63654b3dce9460d35b6ad9c6dff13a2e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980: Revenue Recognition — Regulated Operations ### Machine-generated study aids ```json { "summary": "ASC 605-980 is the surviving remnant of the old revenue standard for entities with regulated operations (and nonutility generators), governing recognition of revenue from \"alternative revenue programs\" — regulator-authorized adjustments to future billings for past events. Type A programs adjust billings for weather abnormalities, broad external factors, or demand-side management; Type B programs award incentives for achieving objectives such as cost reduction or improved service. Revenue is recognized once the triggering events are complete if the program arises from a regulatory order allowing automatic rate adjustment, the amount is objectively determinable and probable of recovery, and collection occurs within 24 months after the end of the annual period of recognition (605-980-25-4).", "key_points": [ "Alternative revenue programs fall into Type A (adjust billings for weather abnormalities, broad external factors, or demand-side management initiatives) and Type B (incentive awards for achieving objectives such as cost reduction, milestones, or improved customer service) (605-980-25-2).", "After the specific events permitting billing are complete, additional revenue is recognized only if all three conditions in 605-980-25-4 are met: a regulatory commission order allowing automatic adjustment of future rates, an objectively determinable amount that is probable of recovery, and collection within 24 months following the end of the annual period of recognition.", "Regulator verification of the future rate adjustment does not prevent the adjustment from being considered automatic (605-980-25-4(a)).", "Long-term power supply contracts within the scope of Topic 842 on leases are excluded from this Subtopic (605-980-15-3); the guidance does apply to nonutility generators (605-980-15-2).", "When a regulated entity bills requested rate increases before the regulator rules, the loss contingency criteria in 450-20-25-2 determine whether a provision for estimated refunds is accrued; a wide range of possible refund that cannot be reasonably estimated may call into question whether the provisional revenue should be recognized at all (605-980-30-2).", "A recorded provision for estimated refunds must be adjusted subsequently as the estimate changes (605-980-35-1, referencing 980-405-25-1(a)).", "Alternative revenue program revenue must be presented separately from revenue from contracts with customers within the scope of Topic 606 in the statement of comprehensive income (605-980-45-1), and material refunds recognized in a period other than the period of the related revenue must be disclosed with the years in which the revenue was recognized (605-980-50-1)." ], "categories": [ "Revenue", "Recognition", "Presentation", "Industry-specific" ], "audience_level": "intermediate", "student_note": "Most of Topic 605 was superseded by ASU 2014-09, but this Subtopic survives because alternative revenue program revenue is not revenue from a contract with a customer — the counterparty right arises from the regulator's order, not the customer contract. The classic mistake is lumping it in with Topic 606 revenue on the income statement or forgetting the hard 24-month collection cutoff.", "related_topics": [ "606", "980-10", "980-405", "450-20", "842-10" ], "key_concepts": [ "alternative revenue program", "type a and type b programs", "automatic rate adjustment", "probable of recovery", "24-month collection criterion", "provisional rate increase refunds", "regulated operations", "separate presentation from topic 606 revenue" ] } ``` Source downloaded (UTC): 2026-09-10T00:53:45.930Z to 2026-09-10T00:53:45.930Z Record version: sha256:975ab763177a01ccb1bd21bc4cd34cc45b654da383e419d2d81d9cee082d351f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/980/#00-status) SEC content: no ##### [605-980-00-1](https://asc.understandingaccounting.org/asc/605/980/#605-980-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:45.930Z to 2026-09-10T00:53:45.930Z Record version: sha256:6f187a17e23a3f15001a3fc694c55827d5b49ff18dab33b75a145829884a8f0d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
980-605-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
980-605-15-3AmendedAccounting Standards Update No. 2016-0202/25/2016
980-605-15-3AmendedAccounting Standards Update No. 2014-0905/28/2014
980-605-25-5 through 25-18
SupersededAccounting Standards Update No. 2014-0905/28/2014
980-605-30-2AmendedAccounting Standards Update No. 2014-0905/28/2014
980-605-35-1AmendedAccounting Standards Update No. 2014-0905/28/2014
980-605-45-1AddedAccounting Standards Update No. 2014-0905/28/2014
980-605-50-1AmendedAccounting Standards Update No. 2015-0101/09/2015
Source downloaded (UTC): 2026-09-10T00:53:47.750Z to 2026-09-10T00:53:47.750Z Record version: sha256:8cd2445f897a8c73f27f84fe04160b57a164b2b949e125c69567b6ef8e0cf90b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/980/#05-overview-and-background) SEC content: no ##### [605-980-05-1](https://asc.understandingaccounting.org/asc/605/980/#605-980-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:47.750Z to 2026-09-10T00:53:47.750Z Record version: sha256:bebaf8e0e5af7ece6c85afd4ff4d26cb1d0701d7e54e32f8800f41846ded9734 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance for revenue recognition in alternative revenue programs. Source downloaded (UTC): 2026-09-10T00:53:49.840Z to 2026-09-10T00:53:49.840Z Record version: sha256:ec2d2df3db4931b3c9ee074332bd51a0390506034ca784738d710d745d35d99a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/980/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [605-980-15-1](https://asc.understandingaccounting.org/asc/605/980/#605-980-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:49.840Z to 2026-09-10T00:53:49.840Z Record version: sha256:d28089230a55dfa82fc4c62037d692d8344d6df43263794f5e8d7980499c3eb5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 980-10-15, with specific qualifications and exceptions noted below. #### Entities ##### [605-980-15-2](https://asc.understandingaccounting.org/asc/605/980/#605-980-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:49.840Z to 2026-09-10T00:53:49.840Z Record version: sha256:68f61154e620289dd28d6d8d833e7a081bfef69687ccbd854bee11df2481f0bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic also applies to [nonutility generators](https://asc.understandingaccounting.org/glossary/n/#nonutility-generators "Entities owning electric generating plants built either for their own energy needs or to sell power, usually to rate-regulated entities, under long-term power sales contracts.") as they provide many of the services of entities with regulated operations. #### Transactions ##### [605-980-15-3](https://asc.understandingaccounting.org/asc/605/980/#605-980-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:49.840Z to 2026-09-10T00:53:49.840Z Record version: sha256:c3f4e4b76e5273d711ab100da2e4f64645a1d03fe98d70fdcb5c831a996a140b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The scope of this Subtopic excludes long-term power supply contracts if they are within the scope of Topic 842 on leases. For the considerations required to determine whether a long-term power sales contract arrangement contains a lease, see Subtopic 842-10. Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:ebabee9259511eb355632048b70807e6b578e1cd95b257254c0451cf8e5340a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/980/#25-recognition) SEC content: no #### Alternative Revenue Programs ##### [605-980-25-1](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:29bec02a77fd0881ed6a82768182eb30929ec2d455ed7bf6c58d34073c687cac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Traditionally, regulated utilities whose rates are determined based on cost of service invoice their customers by applying approved base rates (designed to recover the utility's [allowable costs](https://asc.understandingaccounting.org/glossary/a/#allowable-costs "All costs for which revenue is intended to provide recovery. Those costs can be actual or estimated. In that context, allowable costs include interest cost and amounts provided for earnings on shareholders' investments.") including a return on shareholders' investment) to usage. Some regulators of utilities have also authorized the use of additional, alternative revenue programs. The major alternative revenue programs currently used can generally be segregated into two categories, Type A and Type B. ##### [605-980-25-2](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:3b99256b9a416bf60a65d8520ff0779873bfda0cbfe7b85f321184dc20f4e8f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Type A programs adjust billings for the effects of weather abnormalities or broad external factors or to compensate the utility for demand-side management initiatives (for example, no-growth plans and similar conservation efforts). Type B programs provide for additional billings (incentive awards) if the utility achieves certain objectives, such as reducing costs, reaching specified milestones, or demonstratively improving customer service. ##### [605-980-25-3](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:e3c2d43ab32f526c0af48c9ceed18c5bd8d9906b743d20413212e595a3da888b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Both types of programs enable the utility to adjust rates in the future (usually as a surcharge applied to future billings) in response to past activities or completed events. ##### [605-980-25-4](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:4b7ff3f28c160d2651c81d8c030ac451387c804e6a66a1a65ff1f0160a1f0352 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Once the specific events permitting billing of the additional revenues under Type A and Type B programs have been completed, the regulated utility shall recognize the additional revenues if all of the following conditions are met: 1. a The program is established by an order from the utility's regulatory commission that allows for automatic adjustment of future rates. Verification of the adjustment to future rates by the regulator would not preclude the adjustment from being considered automatic. 2. b The amount of additional revenues for the period is objectively determinable and is probable of recovery. 3. c The additional revenues will be collected within 24 months following the end of the annual period in which they are recognized. ##### [605-980-25-5](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:0bba470eb035301947ad03ac0f86cbe1b0fb5d1b75e366823d86211d8f694486 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-6](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:e05b8fe70d07492e76ae85dad4a5474b68926863ff3e5e7d5285ec820a8e12fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-7](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:0c873905458169656f70b43b839370cb52f6229945d53c5bb4d520e9bd7b22c8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-8](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:28d8e5bf2547ec0254471848ee9e710a25e8a4e1f0f7585a2de04276ce762c85 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-9](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:7a70b0d2c81e6a55716b49b4974a7957c1219d4927c6cb3a45eb94ee83a64ea3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-10](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:3f0e2348b29a5a8028b70be29b50bfeed592010415c1da0d9e0a03cf639de833 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-11](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:cf468fde8d3f18e2c99d92ef5592222058eb8af10592bd284edf30f67e985060 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-12](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:08b7b71cbec24bfd6c1228e690733c9317a42e946762083330a2030d90528487 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-13](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:c13e1980c25be3c0269ae4c5c56f1435e4ce7ce3228e3a8fb275e2c76e211f8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-14](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:308dfccdd4faa2ed02343cbb65888dce9c0db80938f64449c186c3a9c253d738 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-15](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:26e09ca7251a246a016ef5fe1c845ec3e5b9e4d5fafbb8940c8b1a060153a941 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-16](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:8ab244b1033b402576f447a293bb82f8ee1eb23d3ee6e8a3af8e430d39dc731f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-17](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:f3d51b796f590821d92ad641c9dbd0d92b4a14aa53a71ef86f25bc227413a6d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-980-25-18](https://asc.understandingaccounting.org/asc/605/980/#605-980-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:55.847Z to 2026-09-10T00:53:55.847Z Record version: sha256:063b92789c829289580b2c23e0b83d17e90be83dd0da5f9a454be7285434ac62 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:53:58.500Z to 2026-09-10T00:53:58.500Z Record version: sha256:c6a19c4f807cd4be537ad75e97a8a45e38157d4e7d39b75ec839b386cdf9604f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/980/#30-initial-measurement) SEC content: no #### Alternative Revenue Programs—Revenue Collected Subject to Refund ##### [605-980-30-1](https://asc.understandingaccounting.org/asc/605/980/#605-980-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:58.500Z to 2026-09-10T00:53:58.500Z Record version: sha256:976e200787370480374384f38105795cfe95e7c61dcacc89e5892a8e61b73de0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In some cases, a regulated entity is permitted to bill requested rate increases before the regulator has ruled on the request. ##### [605-980-30-2](https://asc.understandingaccounting.org/asc/605/980/#605-980-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:58.500Z to 2026-09-10T00:53:58.500Z Record version: sha256:25bccce34e87ce365787647f4ad89a7a7e6f49a952fb69f26cdec7b2cfd6aea6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When the revenue is originally recorded, the criteria in paragraph [450-20-25-2](https://asc.understandingaccounting.org/asc/450/20/#450-20-25-2) shall determine whether a provision for estimated refunds shall be accrued as a loss contingency. The inability to make a reasonable estimate of the amount of the obligation at the time of sale because of significant uncertainty about possible claims precludes accrual and, if the range of possible loss is wide, may raise a question about whether revenue should be recognized. Similarly, if the range of possible refund is wide and the amount of the refund cannot be reasonably estimated, there may be a question about whether it would be misleading to recognize the provisional revenue increase as income. Source downloaded (UTC): 2026-09-10T00:54:00.780Z to 2026-09-10T00:54:00.780Z Record version: sha256:357d93b49f61bac00ca624b9bd18e3408e9a1c193862aaf0735e51a217efa2cc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/605/980/#35-subsequent-measurement) SEC content: no #### Alternative Revenue Programs—Revenue Collected Subject to Refund ##### [605-980-35-1](https://asc.understandingaccounting.org/asc/605/980/#605-980-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:00.780Z to 2026-09-10T00:54:00.780Z Record version: sha256:f93c3a9624dee2f995e131b5e708581e5178f83a6c98396f0dc8fa30686efd77 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a provision for estimated refunds is required by the criteria in paragraph [450-20-25-2](https://asc.understandingaccounting.org/asc/450/20/#450-20-25-2), it shall be adjusted subsequently if the estimate of the refund changes (see paragraph [980-405-25-1(a)](https://asc.understandingaccounting.org/asc/405/980/#405-980-25-1)). Source downloaded (UTC): 2026-09-10T00:54:03.190Z to 2026-09-10T00:54:03.190Z Record version: sha256:fb4d351b168124573c1e167039ecfe6963df1ac64d5064d7411784b57a698d1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/980/#45-other-presentation-matters) SEC content: no #### Alternative Revenue Program Presentation ##### [605-980-45-1](https://asc.understandingaccounting.org/asc/605/980/#605-980-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:03.190Z to 2026-09-10T00:54:03.190Z Record version: sha256:12dae4231db97a343a4879fd294a7c7f4574ce67008d7eb0127a5bd79b944a27 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") arising from alternative revenue programs shall be presented separately from revenue arising from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") within the scope of Topic 606 in the statement of comprehensive income. Source downloaded (UTC): 2026-09-10T00:54:06.528Z to 2026-09-10T00:54:06.528Z Record version: sha256:be5b42ec56d8f8162d98f44e73445b56a4d67dd3d446c520f88316b722d39eb9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-980-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/980/#50-disclosure) SEC content: no #### Refunds for Previously Recognized Revenue ##### [605-980-50-1](https://asc.understandingaccounting.org/asc/605/980/#605-980-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:06.528Z to 2026-09-10T00:54:06.528Z Record version: sha256:c4f0367513de433586a7101dcbd2958d2e9e89555327f9a3614c5f33ad7bf00d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For refunds that are recognized in a period other than the period in which the related revenue was recognized and that have a material effect on net income, the entity shall disclose the effect on net income and indicate the years in which the related revenue was recognized. Such effect may be disclosed by including it, net of related income taxes, as a line item in the income statement. Source downloaded (UTC): 2026-09-10T00:54:11.319Z to 2026-09-10T00:54:34.894Z Record version: sha256:4326346f5d1d4ced77be5a134777597b108285f424d3670c2c455eb7c2db543f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985: Revenue Recognition — Software ### Machine-generated study aids ```json { "summary": "After ASU 2014-09 gutted nearly all of its content, ASC 605-985 survives only to address recognizing a provision for losses on contracts to deliver software or a software system (alone or with other products and services) that require significant production, modification, or customization of software. It expressly provides no revenue recognition guidance; revenue for such arrangements is accounted for under Topic 606, with the loss provision guidance in Subtopic 605-35. If it becomes probable that the transaction price allocated to an unsatisfied or partially unsatisfied performance obligation will produce a loss, that loss is recognized under Topic 450.", "key_points": [ "The Subtopic's sole remaining purpose is guidance on recognizing a provision for losses on software contracts requiring significant production, modification, or customization of software (605-985-05-1).", "The Subtopic does not provide any revenue recognition guidance (605-985-05-2); the legacy software revenue model was superseded by ASU 2014-09.", "Scope is limited to arrangements to deliver software or a software system, alone or with other products or services, that require significant production, modification, or customization of software, and it applies to all entities (605-985-15-2; 605-985-15-3(e)).", "When such significant production, modification, or customization exists, the entire arrangement is accounted for under Topic 606 and Subtopic 605-35 on provision for losses on contracts (605-985-25-2).", "If it becomes probable that the transaction price allocated to an unsatisfied or partially unsatisfied performance obligation will result in a loss on that performance obligation, the loss is recognized pursuant to Topic 450 (605-985-25-7).", "Scope otherwise follows Section 985-10-15 of the Overall Software Subtopic, subject to the qualifications above (605-985-15-1)." ], "categories": [ "Revenue", "Recognition", "Contingencies and guarantees", "Industry-specific" ], "audience_level": "intermediate", "student_note": "This is the hollowed-out shell of the old SOP 97-2 software revenue model (VSOE, multiple-element software arrangements) — nearly everything was superseded by ASU 2014-09. The common mistake is citing 605-985 for software revenue recognition; it now expressly gives none (605-985-05-2), and the only live rule is loss recognition on software contracts requiring significant production, modification, or customization.", "related_topics": [ "606", "605-35", "985-20", "985-605", "450", "340-40" ], "key_concepts": [ "software arrangements", "significant production, modification, or customization", "provision for losses on contracts", "performance obligation", "transaction price allocation", "loss contingency", "superseded legacy guidance" ] } ``` Source downloaded (UTC): 2026-09-10T00:54:11.319Z to 2026-09-10T00:54:11.319Z Record version: sha256:7a13fc2ef0b507fd21dbde1f9794aec1443ab75199c46f8fcaf24a98834c9580 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/985/#00-status) SEC content: no ##### [605-985-00-1](https://asc.understandingaccounting.org/asc/605/985/#605-985-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:11.319Z to 2026-09-10T00:54:11.319Z Record version: sha256:59fce2ea5e363f14254f031e1aba15c0a936a86b7ee1b2e4104fd34576c688f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Authorization CodeSupersededAccounting Standards Update No. 2014-0905/28/2014
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
Core SoftwareSupersededAccounting Standards Update No. 2014-0905/28/2014
CustomerAmendedAccounting Standards Update No. 2014-0905/28/2014
DeliverySupersededAccounting Standards Update No. 2014-0905/28/2014
EnhancementSupersededAccounting Standards Update No. 2014-0905/28/2014
Fixed FeeSupersededAccounting Standards Update No. 2014-0905/28/2014
Hosting ArrangementSupersededAccounting Standards Update No. 2014-0905/28/2014
Hosting ArrangementAmendedAccounting Standards Update No. 2018-1508/29/2018
LicensingSupersededAccounting Standards Update No. 2014-0905/28/2014
MaintenanceSupersededAccounting Standards Update No. 2014-0905/28/2014
Milestone (1st def.)SupersededAccounting Standards Update No. 2014-0905/28/2014
Off-the-Shelf SoftwareSupersededAccounting Standards Update No. 2014-0905/28/2014
Performance ObligationAddedAccounting Standards Update No. 2014-0905/28/2014
PlatformSupersededAccounting Standards Update No. 2014-0905/28/2014
Platform-Transfer RightSupersededAccounting Standards Update No. 2014-0905/28/2014
Postcontract Customer SupportSupersededAccounting Standards Update No. 2014-0905/28/2014
Probable (2nd def.)AddedAccounting Standards Update No. 2014-0905/28/2014
Product MasterSupersededAccounting Standards Update No. 2014-0905/28/2014
Reseller (1st def.)SupersededAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
Site LicenseSupersededAccounting Standards Update No. 2014-0905/28/2014
Transaction PriceAddedAccounting Standards Update No. 2014-0905/28/2014
Upgrade (2nd def.)SupersededAccounting Standards Update No. 2014-0905/28/2014
Upgrade RightSupersededAccounting Standards Update No. 2014-0905/28/2014
UserSupersededAccounting Standards Update No. 2014-0905/28/2014
When-and-If-AvailableSupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
985-605-05-2AddedAccounting Standards Update No. 2014-0905/28/2014
985-605-05-3SupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-05-4SupersededAccounting Standards Update No. 2014-0905/28/2014
958-605-15-3AmendedAccounting Standards Update No. 2014-0905/28/2014
985-605-15-3AmendedAccounting Standards Update No. 2009-1410/07/2009
985-605-15-4SupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-15-4AmendedAccounting Standards Update No. 2009-1410/07/2009
985-605-15-4ASupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-15-4AAddedAccounting Standards Update No. 2009-1410/07/2009
985-605-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-25-2AmendedAccounting Standards Update No. 2014-0905/28/2014
985-605-25-3 through 25-6
SupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-25-7AmendedAccounting Standards Update No. 2014-0905/28/2014
985-605-25-8 through 25-107
SupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-25-10AmendedAccounting Standards Update No. 2009-1410/07/2009
985-605-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-50-1AddedAccounting Standards Update No. 2009-1410/07/2009
985-605-55-2 through 55-119
SupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-55-121 through 55-236
SupersededAccounting Standards Update No. 2014-0905/28/2014
985-605-55-211 through 55-236
AddedAccounting Standards Update No. 2009-1410/07/2009
985-605-65-1AddedAccounting Standards Update No. 2009-1410/07/2009
Source downloaded (UTC): 2026-09-10T00:54:14.868Z to 2026-09-10T00:54:14.868Z Record version: sha256:9f1f86c67f7a9f892185d7ba0bdbbaa7213ce87ee4251fe5f00157a5e88a3954 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/985/#05-overview-and-background) SEC content: no ##### [605-985-05-1](https://asc.understandingaccounting.org/asc/605/985/#605-985-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:14.868Z to 2026-09-10T00:54:14.868Z Record version: sha256:342c63997a431c75bb5df6f97dc4512c1c6da1741d926bfdc755a85e95a5f016 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on the recognition of a provision for losses when a contract to deliver software or a software system, either alone or together with other products and services, requires significant production, modification, or customization of software. ##### [605-985-05-2](https://asc.understandingaccounting.org/asc/605/985/#605-985-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:14.868Z to 2026-09-10T00:54:14.868Z Record version: sha256:f796418b539e3e990304f20c3333aa07a5dda621fb785b07a6c7fa927e6fe0c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic does not provide any revenue recognition guidance. ##### [605-985-05-3](https://asc.understandingaccounting.org/asc/605/985/#605-985-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:14.868Z to 2026-09-10T00:54:14.868Z Record version: sha256:6e5a0d5747332c79310542862c22bee9f70992f6fb90c51b3124447c4e408786 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-05-4](https://asc.understandingaccounting.org/asc/605/985/#605-985-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:14.868Z to 2026-09-10T00:54:14.868Z Record version: sha256:b74616fd4314527429b59e318e990c58fba98972d1487313ff6d195986a366e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:54:18.628Z to 2026-09-10T00:54:18.628Z Record version: sha256:365eb99272aac54a057d96f920e891935424f3eed265db9e614eb0c6aa2b6f85 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/985/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [605-985-15-1](https://asc.understandingaccounting.org/asc/605/985/#605-985-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:18.628Z to 2026-09-10T00:54:18.628Z Record version: sha256:18e27a995baccc991a635e3d70a37dca427feee1ac6a0d7cce8510afc5924f6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 985-10-15, with specific qualifications and exceptions noted below. #### Entities ##### [605-985-15-2](https://asc.understandingaccounting.org/asc/605/985/#605-985-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:18.628Z to 2026-09-10T00:54:18.628Z Record version: sha256:742c16accf485c78710821a8371ba017f75b0b0e3cca23c9928e9ee09d559338 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to all entities. #### Transactions ##### [605-985-15-3](https://asc.understandingaccounting.org/asc/605/985/#605-985-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:18.628Z to 2026-09-10T00:54:18.628Z Record version: sha256:b5dd47846503aee36752fb748df6ea9cc789fd7abf142b2e5a1eb742bcf51a03 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to the following transactions and activities: 1. a [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2009-14](https://asc.understandingaccounting.org/updates/asu-2009-14/). 3. c [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 4. d [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 5. e Arrangements to deliver software or a software system, either alone or together with other products or services that require significant production, modification, or customization of software (see Topic 606 on revenue from contracts with customers and Subtopic 605-35 on provision for losses on contracts). ##### [605-985-15-4](https://asc.understandingaccounting.org/asc/605/985/#605-985-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:18.628Z to 2026-09-10T00:54:18.628Z Record version: sha256:a8c75e0c587d320ee83316ebdbc1ddbc5d5bc0a838b293fd8f071b17d2a404a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-15-4A](https://asc.understandingaccounting.org/asc/605/985/#605-985-15-4A) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:18.628Z to 2026-09-10T00:54:18.628Z Record version: sha256:0b89a249da3d5f6aaf5c675d8454ae2edb1bdda9ec0f7d7d082cd72f6c604236 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:54:22.205Z to 2026-09-10T00:54:22.205Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/985/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:5af93c5a7733f45083129c7c06e27b35965bed1f13e0c86efbaa43b530519ae3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/985/#25-recognition) SEC content: no ##### [605-985-25-1](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:8ab0530819073501e8a263c58ea8d4d33c5d6eabb37a577c621501e0710fd153 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Software Requiring Significant Production, Modification, or Customization ##### [605-985-25-2](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:11a6a8c16863c952c8b5af92c74bfa8f3050acc83b9ced5a623cdae06d36eb6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an arrangement to deliver software or a software system, either alone or together with other products or services, requires significant production, modification, or customization of software, the entire arrangement shall be accounted for in conformity with Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") and Subtopic 605-35 on provision for losses on contracts. ##### [605-985-25-3](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:937e3aea8fa69715685f39bcb1c2bbe86d7a09568acabb3ada5ff644a05374a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-4](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:af792ff865254efbae814d8d056ea7b84670a6e3e94ed450dd067927afa21057 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-5](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:b820f0d11259748b813c8f111e07290cc9f9b61ee2b03edf5968ea9507641766 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-6](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:083b20e7afe638240049bc8c8c4678da5533dd7e63909f30d0fdf48e4fbdc638 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Determining the Need for a Provision for Loss on a Contract ##### [605-985-25-7](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:3b7e2ef8f25f5c7d60641a75f8778ed8d68c8438524a6242f8902e5eac9d06d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If it becomes [probable](https://asc.understandingaccounting.org/glossary/p/#probable "The future event or events are likely to occur.") that the amount of the [transaction price](https://asc.understandingaccounting.org/glossary/t/#transaction-price "The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.") allocated to an unsatisfied or partially unsatisfied [performance obligation](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") in accordance with Topic 606 on revenue from contracts with customers will result in a loss on that performance obligation, the loss shall be recognized pursuant to Topic 450. ##### [605-985-25-8](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:a7199482b0aa87e16e1953e38e4ad7530aa82848d24718171509fb81c320dcb6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-9](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:02c556f9a7cea96d5e11bc811cc0005c14a85bb0cef2ad581589f5debb70c211 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-10](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:050fe461ff11afe78f9186f64c858d4f536f31017598b0fdfafce1afeb533958 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-11](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:7b5c36129b77f9a1bd495b5275136c92778aacbeff70de80fc7154010a97b60b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-12](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:2db61b95801b71cbb841775d4ca61736410b1ab953a28ecbb0b28e6d559b017e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-13](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:b8481532c544da705f8d22f8db4a832cf82df49cff0860b67b0463b8cfa8dbf9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-14](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:451d58f796ccb3a21c2d09707b9c9140c0eadeab7a6e428d7f5c7e0a3080cfff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-15](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:52f6594824dfcbe7977d5a8014104dfa8e0dcc486b6dffb8f90abe5e57054030 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-16](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:fe4ab98f96def5e19856432eb873201afe35693dd2c7cb849c0c3ec95dbfec1e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-17](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:d985d0f96424c21831cf5557cafc3d82f0bf9008c3f2ece2b8f518bf8351a8c4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-18](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:82802e264474727166c73215e5fd0e4787705d36f9b25ad397388aa23de48e14 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-19](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:016ed11d5c0619251ce6de74fadb7217bec7e4837f96f18c3f0414ed8774e0ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-20](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:9a6bff4f5f264c3d189baba84e95bb1cb17027720d6cb897ba1a46cea92cee02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-21](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:f1d5cc1dd20b712cacbbe5296ef68f3ffca458b52d9aa9f78fb49258ab05c4de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-22](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:187c3226bc5ec1bfe67ff0f6ad1aa5324f46b45004d5f18bbd5e893932b9858a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-23](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:386cf3ef07b01f3d94db85732b3b22bf28314d4119deaa76ddb0ac3ef10155cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-24](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:a788f0fde4727b7280e819724d528bb2e5485850347f7f2117a75a8c32c8872f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-25](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:1f4024583fd6e2c88fd5a5b0c75eea3f6fd9dd64d56f0b5d676d71c34976ab5e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-26](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:4dc5d49f3a16c6ccb5cc3b385d99571679e1bed5541f2c178af2e4fe04c4ed82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-27](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:4daff658b6c7102a99f6fded5383413e47b11e8bda5aeeea330384699255dbdc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-28](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:3201b8ffc8c7a9750e0abdc4987bfe09cce046212ae8da078c1b76e0a3c1b9b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-29](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:db5c43636a2a3a51f74602220ae3971e05bddaf77bd7a1e82a9173982fd128a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-30](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:a52eb973180008a241ca04ea0e69a5d4965236fb4adea720599e31feaaac9e57 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-31](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:50b25b7e1cf7f230e7f941c74d144db5c6bc4a2c7259eaced9dc24a6393f06ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-32](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:68715761a04d54d00e87369f19eec2fdf1470b2da77a63a89e09766a15b8b61c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-33](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:f8449819ceeb30665fc38a5df80d5ddabf86d4d58b171f246919b8000c30caf5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-34](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:0b0f29c53a0533cede33133be09bfc766276ae377f01e90a8b0239c3fb458226 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-35](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:3187a165f9734eeab378f3c46de759ede9a545c4ec4d8a5cd2dcc16fad989534 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-36](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:7ff93f2f357b9dcf27d71c731c48b71b4e4f4edc3de49813910abebd296a4338 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-37](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:d14574f2f68f87cdcbbd31f7187505085f38d959e4e6ade4a600debb2d009750 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-38](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:5b8a78131485419c732b2983a4ca1fea0136d499af43c8c015ff8aef476502c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-39](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:4bca5988ad7690ef8d005d446c5eefbcde8429836e97d5def9da3bd6191e2cba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-40](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:7db025b3395fa3cb5ad845c8cfa0058a527a6c827457456803537deccb09fef0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-41](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:63bf381cf9eada1bfc2f98ee633b09525f4dec209d7bea2c7d486f7752d6235d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-42](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:a2a8b160d82a9c189060b2e7296b378a54acf4c263a2ff7f273b010984d7317f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-43](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:1ab616b3b5388cc9fd66c8e787e8fc3b9dc7cba06c426ecdbf7171cf2764c905 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-44](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:1f69d77d2c3dd106fcde083aa8fd14dbc9b07978c6b253bd06f681db15205d1a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-45](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:75bab5fa7b9161426227d81d6160804dbb7a420dddf0d60dcf69b8255d2cb18c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-46](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-46) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:99772e4d5179f3d71558f56b89b3d753a735129f5f39e86b10388e4ef1728602 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-47](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-47) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:b3efd6713320ae3cca274c0fc8b2de733216dcf93267ad2dda708e9905f2a881 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-48](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-48) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:dcc6a39472b7e6d83afcfd2185442a6a6910715eb318d082b665675c8c842c98 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-49](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-49) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:6192c804b1de84d8b935c2b2baf1626e0b090cc14a10eb1c30656f4c0b5345ae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-50](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-50) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:de2811be789e6671c3c6bfa3bab6c25587c4c77baf68e7fd124581c1c844306f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-51](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-51) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:a50b42cde9973174464d83f2ae7986b9cf4aebffecd2725fba9fe3449fbdd3fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-52](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-52) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:b990b621a68cf6286542847b3d79f4aaaba6ca3eb0c4c19dd98adfb965635fe4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-53](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-53) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:6104a497585ff45c920c738238ef8f2c6a9e932856a9873a19e1edd8d6af5c7e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-54](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-54) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:9e1c6fce5cd4503058559a11da7a79efe26f69abe1f0356dd6fb1dcf115db78c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-55](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-55) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:c902f9415ac398e5dcbcb21252ba536d3f264c435abbfe0c1c0113078ceaf3aa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-56](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-56) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:80ee2db88ef740b20db80aeb50bd5b64950168032ab74a831e7605552bfb0d16 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-57](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-57) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:04630ddd8226d82018fc087e17d8203a610ff24869ec412d6c9e99849b563f99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-58](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-58) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:d334e32db48983062db9bf611da3803386ce33fb9573e53690d7d8e25e39bdf2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-59](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-59) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:1b3fcf28f955df422149b886150ffa5f4e5b55a49c9bb7710eed7d04d51d037c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-60](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-60) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:c9052175eda3caf356b682e45cdfc481367c8f2fafc666a57a8380ce93431606 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-61](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-61) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:f2c76d0d984a0701f07c2820b918e4a998256d52613e540655e9d1bef0d6dd22 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-62](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-62) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:6fc178a41dc6cd9ce77ad7b3fa5e049148ae01039e57730293b4947a9252cfb7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-63](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-63) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:77d5476550581eb76d18ed4770a833368cf6091bc5783dc10d53ab4ae7c4df7a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-63A](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-63A) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:80ef72e1a9392346f974572c77d6f76e4225904408dbbe57451224a555f467e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-64](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-64) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:72a94e857fada7f85b7df4dce0d765999346326cb0038c3d76975994d1028469 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-65](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-65) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:fd31070c1b509d416f91d3326d801f6c806010210c17dd52657dc22aa432d40a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-66](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-66) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:28700f10d38aba0c35a25af223edece95312890d40e5fa2f5184a46d2f5f4de9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-67](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-67) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:7f20766ab08489a0a9bd4ab7147f7da59f2754090e8dee7aefb9265646027b70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-68](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-68) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:686c56845b21cc9578eda62df641d3dea2ce57e3e0bf45f720d371f11a60580b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-69](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-69) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:720d3f53f21c3ab54cdfd0d0eb2bda81d26b99f100d2dd0063571f0fbef9e5bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-70](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-70) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:3dff7340717c250f57bee96e7bfc3bd9439671d183e4c3ca72445d26df62957f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-71](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-71) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:50ac1c2c794e2f72af9f75fccebd6874284e44878979be219acf4c35478daaa8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-72](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-72) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:4d41d3c0dff8f39c0d3e03c551d0aa0d8530fdec1ffd9a471b6846ea0c43d5c8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-73](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-73) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:3a3999606795f8ee8091a7f55077354a880b44b5c96e9c447446dd1bef2a88cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-74](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-74) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:2d4095a2b1a7bbfcd718106b5c5d642d84ba40faaaf46618dfd0526f8284660b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-75](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-75) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:2122f2125f91fcfa8b8081d76003fe10166910b054fbbd964093a8e38edb8dda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-76](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-76) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:8f9832c11c3d99f66c797b4c186aeab6e5b89774de581086f90b18d88453107c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-77](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-77) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:87c7d259cf26146596db01448f737372ce6c3cebdbbe504be24f1691973b5596 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-78](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-78) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:fd2303db09907206a6eb279e9303a18a126235929673ca49f52b45c032ce098d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-79](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-79) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:d4cf94e245fd02b387a27407e07ec9f1181fd6414e1600ca0a3eaf417c3dfd6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-80](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-80) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:c2582659cad2719e93d88ae43f9dd3601602764124bbc59b35c09bbf62ef915b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-81](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-81) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:46eaedec59fa10c70ae091880601b779286c03eaa800781f55d489f77cb5ec62 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-82](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-82) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:e056fe8ac04492cd31be477d3a5fbdd37f3e250b9888c1ea0d7cb72501e2e207 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-83](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-83) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:6ee17b88cc40112620e05693f6ce2eac5261e444e19400620cb9ff63e87bee98 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-84](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-84) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:b778dfbce32be087246a9c13210fdd1d081d3d4770911d930072b7e88bf1ec9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-85](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-85) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:4bf2060f26b39f11757eb8bc364e2f373d2b1b2977681ca9736a0830fcb6c5b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-86](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-86) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:0036227ac1d825c488066cac88531be80213f2baa3c5e91a4d4111db5bbb5011 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-87](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-87) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:94cca3cac58a0ec7f82f1cf4e2d3b331462a93b0a8482c6f64b8b321317c4429 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-88](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-88) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:952c939882ce6bb28d87e24c750afaa437780a6d1f5f79cfd97c35f2179759c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-89](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-89) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:a7ded46498fc913c4dd9c31bc42b982d67bd16683634cd49178652d0a73b54e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-90](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-90) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:9c890db100766f18c1748525c29f29f15149a7d8263a4da3fa31b4a41439ba29 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-91](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-91) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:95b21ca1f5d425de7b58ea0a1c8d87f6b180f371ad56d0780a63c204bbd3a5a4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-92](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-92) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:c62e30af2927501df4ef37ddf3ff3c97901df120b21e71ec93c87841bd9c1e12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-93](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-93) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:3181476117528fc2ef30f9ad6c4bf5ae6351d3e78c29942e00472f1f5d94b071 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-94](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-94) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:e62b8273e0ce786b12a208707b6b7e14e69ce15566b86afda3a89ae214b9590f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-95](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-95) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:ec54d3d3651d2f5acde4883c21dd1d4409a059c1e05e1ecc68bea28768a0841c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-96](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-96) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:d557e09c7343632c4407dba987dbf7f6a785a5100983ca81124a2128d07fbc17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-97](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-97) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:516866ac9eff1e4db9c6cef88b72e940323509dcd63d096be3142c38193b068f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-98](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-98) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:5ab85af8971b9a3ecb2de608ba48b430349d0a7547a62bdbd197269acd6f8cea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-99](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-99) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:3fd114cab1e9c0e95c99a1ff25c84dfe18721b36581bd7cf60635a4e9e2bae56 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-100](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-100) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:aa98e03bedfd5609a7e70ab07402f1e023652caefa6e6959690d06064019ca92 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-101](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-101) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:c73ba0c3391ffe7d1d3994143669fbddbc5959809ed61748817b58dd4e09ceab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-102](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-102) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:37e661b1982b2a881be2869644496970b0dad36c3d6b5d53b1f7bffb99b8a3ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-103](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-103) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:503e3d64c25b461ef6b3cb70a57f5349a86ad8ced762ea94ccc3805dd2372e78 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-104](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-104) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:734e7e6b8565de8da767a6d9ff72cba6b8ee96284cdca7cad138ea8c8d93f240 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-105](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-105) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:67b7a69ab475ccf22cc5c7ace1c4bc813cc253ff6c97cdbd053c48ac15fc9272 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-106](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-106) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:e3c8db8500e442ed533dde7acd5c111500afdbc7cf3ed89418b23a92da2939bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-25-107](https://asc.understandingaccounting.org/asc/605/985/#605-985-25-107) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:25.745Z to 2026-09-10T00:54:25.745Z Record version: sha256:204131a4f1822e7361c8e48460483c4212e152b80c9f9aa4e27c40e5a49890dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:54:29.122Z to 2026-09-10T00:54:29.122Z Record version: sha256:6a8434e1fca8fbacfb25ce2ae251d27f2cfb48c69f4ffc6de8bd048ff90dc482 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/985/#50-disclosure) SEC content: no ##### [605-985-50-1](https://asc.understandingaccounting.org/asc/605/985/#605-985-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:29.122Z to 2026-09-10T00:54:29.122Z Record version: sha256:d72a5bf86c5bdb30a3b2d148682e9b56a222310be2f00f13f8234d7ab6a51b17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:af04efc385e5a674ff7117eef96b3e3863f00ebb677fd4ba1a49fd21ce8e72d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/985/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-985-55-1](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:ecf4dc61802689d561994e94fc4d838b97dc5cff8ad52e4aac8cd834cccb6639 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [605-985-55-2](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:64afa85e0c047a85baff7a95fdefd3c2c951f429a3ef76de6de0fc0aa4aebef3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-3](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:1f42f803688920f359304d8ac2dac98cd6ecaa23d1406c20383d83b705d77077 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-4](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:9baf019dbb6e8b510cb5dcb8a408b150a5181ec1f1ec9400771d9a7bcd598785 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-5](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:187d7a8637d4f4178b12246c181aa54c01d4da8f6babc93e4ba2a387b05cddf4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-6](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:4d6f53d600f7ce687ec57c780b4b7734bf0b82911a5d4999378080fc1b9a00d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-7](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:010605ebb294e0a889a9cb7251707aaaffa9befceec6222eccd4bcad05916a2f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-8](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c79c031c4b7594bed414c0789f030bbc1355c6861bc216663f831175af8ff4e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-9](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:698b2c6ed4479e418d19d115130b055a4c8d967a8069e78371659ce5f25bcf9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-10](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:30203197e33d9c5a3026ccdd236a624c3c625cb28fd9c2712d28402781b68d58 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-11](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3b4bdaae69ad75ce5f8d1d4c739edbefa540106615b3424f9faa5ce13ef24786 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-12](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6b81d102e592aa8c4cc0fbf9872c7802e197945a4d0a63b0b3ce29bafd1f6b58 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-13](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c6490f83f52d01add419d2831e534f00b71a0142303937f9f4cd6845b5ef81e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-14](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:cac3ee7bb2ce5087e5add674fdd7afd70106595cfbed84bbcc28fc0132d00593 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-15](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3b743463e575691d3c3e21b29932ef2cb2520ce6bf6b3588ff04385549fb79f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-16](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c4e69eebeb06dc2991ba234a699c35f83cc827555c4d1e52f2551092bd9445e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-17](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:849a20c7e713b4dac01d8a4b43fc1ef536e4177b21fad27c25ed9174975b3941 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-18](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3f47679afb6c7a1c6e5b011fac3daa387b3131f0d67fa958f2f40cb6fd85a311 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-19](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:4a97e8006a4360e4f70222ebbe5d77332db90346110a10aa45fd5dbfa703f5f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-20](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f2939f1c2ccea634f4af042e0d50c348e320f989b9f28b988789e442de44233f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-21](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:47b30d30f0b77ac4875060896aa5f8a227473f3cf62b47beecf3ed84b09fc237 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-22](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:720c8e8a0a114c82d8ec1f86df99793fc9561c3cbdd4fe568a258a57549342a8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-23](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:56db415b0b075d90d645d0d27e87af9c10973bcba5bcc82b06f268bab45d34d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-24](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a40b704255a54e4e8f3fb945958f9b00ea1f2447710dd1ffffb0ca4e893cd02c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-25](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:5c4f1ebbd563ce5a03685673816ce9436d1bbe5b078e99c1a1e9074404380f28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-26](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f97a8fe54f447c8e9fee26cbd3ec2b2b91794213b09c179e3d9c135e822ecd9e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-27](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:904e7e864b0ffac0873ac6f5a6b394e3d3a3a758277ce9bd5837462da2d4d2f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-28](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:93d997e1e5a6b1302d27f70f5cc7acccc222cc1a9934b381dcb94798cecbf360 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-29](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:5d57ca68dad564f15866e4ccde7a9c6c8b3fd576e0ae1bd8562484ecf9a0286a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-30](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:cfc29286a2be449c61de000d0b586b6e2cdaa8605c073eb193387ebcef4b0368 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-31](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:531a3f3d333a981201edc35b8e2feaf35f1ba5e7225bab5651bf818495128e89 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-32](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:08eb331b43e8f1506b9a6322af013d481e58a43d962dd8129ecab413b34743a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-33](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:2761b4acd859cec6bcfdcffa4c25ca1f078cbd7c56214177e9ec2e3af45148f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-34](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e04bfc2199f2b97d3d42235b41f4dd54846a3bdbe521d876b2a4c6b480325cd5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-35](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c0f31a6d8604e8a25d9d3418b7fc884d1c4ae0583d5dcf3ebfad9ecb5131441c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-36](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:0ef87280826e29d9a95fc79536b543c4b607e9e1fb59ae7232d09a9ab58c0d09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-37](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:ba527f469a19e0f56d6fa597d46bc89964fc22ad539d8e0997eadb21b25589b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-38](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:72910e65351d8d29e4bf0c217e3e5446766209617fee6b07d61259b9022c57ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-39](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3b7d38e71b0d2f6fe74bfa1dd2d65e658e82130e857baaa0b9728e8cbb79c5a4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-40](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:be70ca94e4ae58da39f666765ecb4c548d0c94c14baef573fd2a48b3b6147f59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-41](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6c3b7fd7d774d5171d9507c74b86439be91a842a433d1b1e464dcbe86fb1f37a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-42](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:9be9979d3ad06b5a9ed9d93b3af42356acd058141d867e1c0a01678a6ac2dcf2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-43](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:bda1397eb32f75cc5e2544631e225765f00f91bffbecc118cbe961b71a7dbc8b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-44](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f910e62dc60fc4f688a7698ee720ea4bb1a7c934fbeb85b2397cccabb1e0b537 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-45](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:50a6314dc6d81ab4031ae3424096f67a102c0d43454b294a2b8db6527fddbc7e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-46](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-46) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:89becefcec3144a1f80ea21d70501d2eec72350920afe1b2b03e988df5011fb0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-47](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-47) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3662f6812fe78083913b58eedbcb587c7dba9a939fa1a63c0589e0b288c69af9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-48](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-48) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:872c902bfc757020296a2c58d719f06a7483302dd93bf33178571611b3a6de5c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-49](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-49) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a47ad322e3ca87f55bde8acc31456d49e9d50fa7a686b1b48d9bd9ba9364e7b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-50](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-50) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:2f04372ba54edb134c0889121bbca219d6a73b8bf2c5d580f41d23c52a9ae44a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-51](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-51) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:b8176bedcec045d40da63964e856f86d661eed932e47113b2b3b43dbad7f96c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-52](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-52) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:cdf990955440b6975498155a1ed11d4b2dd63c4cc9d313c82d3c35a4d75f3766 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-53](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-53) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:aca8378b7cbd43f3e011fe3e5767c5ce66c2eacf0ffc0fff94b34604ccbff73f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-54](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-54) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:b2f7869392901bf687bbe6f43e917e7fe6feca2f6f56359272e1fb8a68b0a594 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-55](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-55) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c495c465489518688413b949b918268502e0a6a5112f7409070f7ec1d4ef6514 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-56](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-56) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:18b05911c346b3b15133b4c21bc412db190e28b0cb104470c344c17b15b5389f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-57](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-57) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:2aef4260de6705feaa1a5349a3b0c08b47ec7a35914dec5d8d913da10ee36087 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-58](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-58) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e156c41a934e3fc13e6ff3452c9aec1391bb8d44c33ffe63aece03f7ecce5910 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-59](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-59) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:9de629d227a8f075b04d742aa3d2c87cc2f73721ebe8d894b55589e1b54decdc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-60](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-60) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:d159667020c1b43f4f56ca981204734d35101c6b2493992c947ff9301e4bb931 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-61](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-61) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8699581d337fa2d358b594620ff19ae4872865b0f03cc0703e530805fc321244 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-62](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-62) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:323ef2d0d9dd9548dfee274e16e4af048b688873b72111a61c7dbdb9d06ce4fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-63](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-63) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e8205331b445cd619e79ea2fa53b3a204f2a3f050c65d201ff00c8a16467cbf9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-64](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-64) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:24c5787b98cbf52514649bee2c87dcec4dd997c9b081018aa49ca68cfd3503cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-65](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-65) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c9f2d9f12a282ba58caffeed6ac39010fb2eb6dc5a3426dcdb76985bfd45bb8b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-66](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-66) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:06b0c5bc414a1516731d4760340ac696b56762a8975bb442ded831b1546b6b06 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-67](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-67) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:7d0967d438381d628753fe7cf382fac0b8f9e677f1e9b9351568a97e5baed145 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-68](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-68) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:cc0f0e4b30f3db0db885317254aaa93b1dd5d599ceee79a2f9e9ebd74e9343a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-69](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-69) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:544ffaa15a756b2278c9dfeaec30be6fc67e51ceb1f4534821cadbeb2f5df1bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-70](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-70) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c040a65722fce02ae0add82ff5d44a9a77ede74d9804dcff9c6289e613e59e1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-71](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-71) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a0e32af2051a6858b4cc2361063c7bbc7822eba7dd5a81cb8b52b88279c629d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-72](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-72) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c77c3eb25639383a7fd0f7103a6c9ecffbcc3ffe1661cf9e6061853f50aa2357 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-73](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-73) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:cf0ea4a0afc9fbed87f8896887962263369f87f974aea43697229d18b576d333 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-74](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-74) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c683ab4bbb9349d3ff28c17cc57937bc7956188ef8f8da5df94fdb323873ade5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-75](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-75) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:0103e3da09132cacb4248140f88041acf21a3814ca516183e0bd7cba2ab431f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-76](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-76) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:01421030a8a7f7d91c847de63cf8ba5031be300ae98acbefcbf6df18056fc57b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-77](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-77) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:18848a782a1d648b78a24e6a6557667b43f4a4b37d865f5581b67e301bb7e818 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-78](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-78) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f76009af9cea6e4287f54b2fa45e534889f31cb8878f823ddecfc463e12acfe3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-79](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-79) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:d021c3b11be9f1469eb55ec011521e84f1a6cce0012a6960edd4492d9231ee10 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-80](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-80) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:7147af3dc5fdfb2575ee44afb555c3782b7dea490660551a461872cf9c4becd0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-81](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-81) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:5e060f3fba070f56dbbd6a0836b8f092dbb7e76d94fc639f8a40befad927b8a4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-82](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-82) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:67bd48fd81ef9f60726bbb26090a17ccb12f45f9d4985fc4a44123eabc78b1a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-83](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-83) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:04a5fb86b93f6b1bed3d1a65f7158124daa6bd4be95b8ad328ef7afdcb8f3535 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-84](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-84) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:bfb8f5790ad2bce3d9be89aee199d415ebf50ca20edbed2ec9ba13353eade37f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-85](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-85) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:4b015b137ebe2272375bad53afe0d5fa38fe2ba1721f6a6aa2945c67e328b5c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-86](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-86) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e06755eebd1bf7ebd98e439f3b2bfbd399acad6b06ba81578b922b5e39cb4267 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-87](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-87) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:848eb509b5fb95d93ed672de7c7d24faa6b9ee93e6be9868d4b78a30a24d7e12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-88](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-88) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c5d98daf0a61c65afb4509ba0ba4b8f82e49366326164477d37ad0818d17b9a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-89](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-89) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:43dcf9346e85d4a929082bbcf1b8f1d291b38d550683d9bb20ce745694e01ecb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-90](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-90) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a40255f1eb8c3483ff005aad405b7439ed1e1c0eab9710cdeee9f0740725378e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-91](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-91) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e1b625a38b5b59d56de7b0a75f46ec890e50ffe526e97593237a8bc1f49aac3c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-92](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-92) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:0b3601f54092ca502fc4b07c7738a2759b6fdf642577a8715e14ef07ba300679 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-93](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-93) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:51d500c2c3f16b7c29db21c7b894e35fb02cf52ed52e2d71146d82ae189f6fa8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-94](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-94) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6e32980ce31406d6b1d5bb04aa792a2bbc88e6dddd40b98929733864ecfeaf3b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-95](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-95) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:21fefe6229dcd68f7d4500819a3da87ddae6ef1dec07bd9a70f29f9597e53479 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-96](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-96) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:1754a9a85cad1cfae01b3e7e0cff4ee023ce610167d2e075176999cb13a5ba84 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-97](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-97) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c658e11298a6409258cef005ba662529a2c7160d62ef2799b0cb656295fc2117 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-98](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-98) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:301dd8a5ddbd88d595635d48048da114a2a5083fa9f38fcfb44fdb150f11d348 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-99](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-99) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:ef01f185cc0b76fdb278234bd4eb4902010e84effa358c6ff5b85c99b7aba15d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-100](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-100) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:06bd11defce63dd0a0bf584ff92fff22e14cbc103eb594ba0048376a47b9cc0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-101](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-101) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f7dd92d6d4e08853cf64fc31e7cf67cca93e4fb81f07a237e9435f14e8dd9ff4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-102](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-102) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:161da079f914a1a42dc4ad207f567111b26405985df33c5c497267cb2124ef8b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-103](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-103) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:62c39f034990256db18cb85ccbf304ebbf648c6bf37f4eb02904959cf531fb36 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-104](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-104) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:611af0f470bcb668995e65e191f449fbeb81d2aeb306da67d6beafef7447d387 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-105](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-105) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:7790deba5794699920b747c346445f975da48885c8749510a8bfca5e7c21b93b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-106](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-106) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:817fd3140c5bb1e651191962d55ff5a8fb031f9cdd55446e221fe8b445491d23 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-107](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-107) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:54be27d54a72f7d729e9d4ad13cd53bc971d2368c5e2ebed83bdd2639dc946f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-108](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-108) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:39d92c1f1e944b7b80a9a7d3d7913d394a642db6feec777f2d62aff6afb1cc9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-109](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-109) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:39664465551f3e51fd7c06bc27f44d9430d1014cba04aa70ba20e81ef17ab4a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-110](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-110) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:145dfe69e74700fbc0992e5c2d0db8aec6a9b767028e5092b49384ef76973dd7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-111](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-111) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c025d57c0cd9636e25b98b9b2c2c7d9f42949fc8f398fd685916635b2ad38c49 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-112](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-112) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:58b961145105c87c6366f8bd1905792e7094966c4d2ca2505ae337e179cd9ea3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-113](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-113) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:19bcd0b6647ae4ffdc0b8ebd221fd90224dbcca013b50726ed97903c7f8479b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-114](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-114) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:396daaf9f3cbbce3b0e87b27213c17b12a568e54c77d9b63130047b7786a5542 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-115](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-115) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:309eb641d522d982b049fece7594d732b0253cf969cfad25bce07b2a96546f2a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-116](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-116) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:4ab2114893612e6ad3e7e881eda0507127e596ec42ebd72364f910e8665ad9a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-117](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-117) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:fb2439685abaeef5e97d2f1b69f51a6f49f4c12d5e23360d579ec16d7d0069c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-118](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-118) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:500d792bb973307020846a49080cf43d84db0d02aadc27a9cc58237845c9fb53 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-119](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-119) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:9dd920a7d73f7d637fcf5e61f0b0b2e6793671da2097705c1aa847e7f6c29a64 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-120](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-120) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:deca3d7ee2705dde251f83d4e818a335b34fe4ebcacd733ba0bf8b10d30fcf0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [605-985-55-121](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-121) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6d94ff3e31f934dbbeaf2c7efff42ab60ae7739b988ca797568f6baa5d2cff29 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-122](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-122) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:481ae5402db244e0d03c79d037e533b49d1fb78f63e19a88ff0e269cf0dba890 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-123](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-123) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c5c9434b91f288a014d098c1d7d09c57cbc3e05470d136e1f244844d9d909f50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-124](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-124) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:725089686ba5bb79d641077b720fb0e81a17454de5aa537ac311eebd735fc6f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-125](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-125) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:7e27c358baf57e1f3a55beb83e5229d0e7d546b4d93d9f6179b722460514b251 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-126](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-126) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c33e211889d006b2d88b4e083ba915c88c8062ad66d6e9b0d32226dc33df9e44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-127](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-127) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:857179622b10857063cd9f10303c2c90ae56920022c2f399526da8bcb5810126 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-128](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-128) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f010e98583e6f6844a9dcc8f552be1b46a9ed5e39f458753cab61fb818b19537 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-129](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-129) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8c7a6aceedf9e26270e74da530378d81dcd2db531be74454b3831c8f164fd79d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-130](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-130) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a397a30d60a196ee046b1e3b18942b57eb72a8ce9e070d754ed4a3139caa527e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-131](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-131) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:5ee1e6a98ffecd91aa3ce8bfab5b2e79f3fca396bfbeec034c9ee2bd47c9d3b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-132](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-132) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:0b9fd9436bef12b636d38396d90a59cbd7b5a0d2360154f0cff57291e2b853a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-133](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-133) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:dcb505db08ee4913456d24d1c0df35a1bc30d20c18302c0326e2068ba6aba5dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-134](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-134) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:9e93614e4dee9e880e786b47d70c0fca67a604d4d557da4cda95b7e9dab07e4d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-135](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-135) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f093648785682b55c99bb8a06e7264604627e2bc0d4ba5a53914441067ff9275 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-136](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-136) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6fe1be6b27975ae8d531c808aca865f9533a402ce4d6b20eaa8df06c6d8cb955 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-137](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-137) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8658f1ae1741d1dc99eae0b1f86b20ccae612397477bf05f18c40ae13ad4b545 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-138](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-138) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:78ef342dea21ab67b76ae031bc348b8571fab31fd96c119ff6dc97cfc85525cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-139](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-139) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:06f5e5b3ef136f2b0a91c8bb3d57d2129094d5ba0113f4d6a6bebe9fd71fa395 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-140](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-140) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3bcb50de1c1dbaa69c11f2926e938962a6ad30aff2d83b6fa7ed2b9d9deec8a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-141](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-141) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8672bbbe8b1f680f1de35b07878320b063b1c142b1a8543566c347e4b68bf7ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-142](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-142) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:5eb060de0ec7eb6f8e094160f5787362b9e891e65b1e4fbfd03f811683e5f4f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-143](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-143) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:4d0b1b3cd9fda80982c0c601483d2a385ec23809acd39a6a09eb5c4b918b8973 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-144](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-144) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:d0035ffa70fbfe7c4618918d59e72635a5b47ed9f631f38d567d74feb23c59e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-145](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-145) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:d67249dcc5e71dee05f5541ebc34568481cd3872ead83ce6fe11cb468cd4caf2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-146](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-146) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f9d5329041c11a513e7fca9d15bc7f725d96e3285e8ad3b944e1ae9751c6a342 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-147](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-147) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:74e80461fe0e4c473d744de8f9c59ff293573af6d2d0def187d3a9ef077e7d32 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-148](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-148) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:44a47f8c585532c342ca0dad914784a2c9b9bebd70f43d69c646349fc69cac84 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-149](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-149) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:91070e31661f782c65ff39fa124b7caba9ddf8d252f5b1351741891d0f058a84 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-150](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-150) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:1c6d5425415877b2fc06bfb956461eb471889ea9b82907e8394a3e261e96d26d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-151](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-151) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:70231600fc1b5c673ceadacec476284fcd4f0c4f98c409085232ddd72cf936c9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-152](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-152) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:b4898171fba027f521e3e1cf5f44ccfae0cc73c35a52885e192226340a294fc1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-153](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-153) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:7045b55527e7861be3825d19f3ebf9020f3d1557dde640bdc1520347d5fd08f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-154](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-154) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a8a6781a896a7adb1cbf1fe47e1049afa98858395dc779260641eaee1395cf22 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-155](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-155) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:2b97e3d5a1e50430808b1901965302480207a5b176bae8f9736d529d53fd9a3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-156](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-156) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:690080acea9f85285f4c8cba0f4acf49a45c96f4053d3494f2ed9f3314a9a225 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-157](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-157) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:0c404aee66ea1e61e99dbf2c88ad5c1e87506e2c50440ea3379d7dc38c8325ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-158](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-158) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3d81413febd0cdb60643218e72c97dbe53ef8ac0b0238e73b2b010fdf78f0be4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-159](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-159) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:2a54ae8b7e2d966289a4e31200f2dcd156bfc9749b5abbc905c63a9b21061d7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-160](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-160) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:0967ee28561c583fc0c682f7a1194d46ad3a2da55fe6153e72c91447c01842d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-161](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-161) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:802815f492b216ac76afc6de085107c2258f81736b452102eae87f4df133efae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-162](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-162) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f47cf560d50607312ee7461c33fc00757aaf3173c1207a24778c53b0724eb9dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-163](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-163) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:71759706077201c002777caa0fd6e237ca164146ccc47e4bce5f74b56c0644da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-164](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-164) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:9c5bafcbd03f070be6876dce3709de594c3de6a314c52f705db38f0bd6cae443 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-165](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-165) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:67a460a0e02c7be7e3384c76573ef4e7591d1daa0477c643862f21b118c42e9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-166](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-166) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:156931d79be2e3aca14f9b655cc412bc0dd9da40bf3ac258662b249f08081908 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-167](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-167) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:c8dd4bdf6dd2f9c730a9577e108d528c4dec1b8bd021a37878714b04600f31b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-168](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-168) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:516d871bd093f403e9929c6ec88bf4c842bd5eeb666611ec1bb25ef340ec1d6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-169](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-169) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:2f68ce59cded795c80afc7c073f9027e621a2b444654dc6050c218166d14a1b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-170](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-170) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a20759c0ab69a5064d44e7515dfd7a935b630cdfe6a3ff846b0c8b77a538c7e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-171](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-171) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a59392045d1b3c8ca3d45b802359c18844403a10dd012930d46d44f02eaf446d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-172](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-172) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:d54830778de251b4515fadfcb69394efd15d540d7bc382080f74b955de4d26c4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-173](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-173) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:ad2edacf297de541e223f5d7a77133ab696e8f4f1ed6f800af9fd402be779e94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-174](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-174) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:b38b806d0069c689c357c255f0bbfea6ce61663a31e33b51b53079075aee09d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-175](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-175) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:9eaa433b60c27ec467b28dcfbcc6acf225a819e5d2169c22cd47b0205a08c58f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-176](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-176) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3f31bd24322a5c8cc7bd1ac895a607be572a7ec9ae6ae4e48244e7a8f884e7bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-177](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-177) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:5606c536a40994f3d28caabe02acad7136611159865798af6b8a7d6ce7f547cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-178](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-178) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a5ed43e26fd4c28b0dfca0466d714cc3a86d31542183497c186c729abbba341f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-179](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-179) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:815786516222b87615bd2b7652b304657d48ac92930ffd592b788f6f32ab6699 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-180](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-180) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:30e49e2bfc27aefedfde9c51c4f4468784ac3fc55c6298039ac334b46940de1b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-181](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-181) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:90af3a565bec51688fea0998d1679ccb73701bd5a8a8b1c3e2d87496a76c2d49 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-182](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-182) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3e810c605f60c7c9c0b16355852c8262c7bd241d458765b922ee53a01b733a23 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-183](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-183) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:d733b4fc65ad078a82efed6427971bd16ee3c522e2c996376a616ba3fb7df210 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-184](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-184) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6d85db9afd5c41bd33ebd0f6d0f602622eff2d531d20b8b587ba9d6e1223565b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-185](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-185) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:98cbe558a57eb5674678b66fa1ede8aabed84e1b90147b852adf097bdb8c6406 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-186](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-186) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:4363926adfd0fc83eb7746a4a55fbb2a87237aa0986c8df50b0eaeaf9d604add Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-187](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-187) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:504c088f974c559c566b23ec9fad215eb06e6f9d8255d426e830f2ffdfd300db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-188](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-188) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:eb27e82f513ab878749876b3348985f41c13770cd21719d8506796cd97ff960d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-189](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-189) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8518fadc570a114606340835e2eca6685e2e7bced3fce79350b8c37f8341d63c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-190](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-190) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e49897b6828de284c0977cb38f13d3d9b575edf3b820e42c4882dd828c77861f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-191](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-191) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:b360fb53d5fe8a704222fb7c259117b6a0c8d5fa1941ce13ea133cb4de356485 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-192](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-192) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:22536ca294185fbb2e9a83185b98ce82787d0b3813dd46aedc0bb0cec4880189 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-193](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-193) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a4125105dae2a6a0a0d83493093d6750d81d54d0c7ccf90a990ec90a58730fc2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-194](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-194) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:488fcdae35a261b3093853513c7d76bdddfd65637e3c23065e124fb4a9784965 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-195](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-195) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:0324934a6d1d401f86bafd9a3b53aa75ef9bd42a4038832d0faef354c3758d59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-196](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-196) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6931443c7a52254119a71c310e52eed66cd29f328e1926036d97249428e652d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-197](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-197) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:41a495dc22e5f88abf0cabfc64e8f75e33125c1098720bbb2fa763906a394678 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-198](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-198) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a2b52677eae27c99750db007fca81667dfa5265c483eca43d0ea21a5fb20ec41 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-199](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-199) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:d021d345bd3ecf69fc052aa2d6788d794c6ea00c7b47b386ec4d2da9a9432800 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-200](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-200) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:bff4da8a52ba6f095ad8d1dfe8bb3eae3376319d99eac91e3dc23fabd06173a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-201](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-201) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f56e8c29e4f0313ee413ad74c15983d60e334d1a67d62ce5e39be0778b9fac03 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-202](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-202) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:ff884e69d40f1aca3108c279cff088711c80a631302af9068104668137e49500 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-203](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-203) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6aa94c26422979013d52ce72d780a73f5eaa7fc6ff0f4efba397d759e161c1e7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-204](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-204) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8829678d7c0f11a4e7274f2940fc760a2ea7d5cded3c3ba8dead7481d5f2afd0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-205](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-205) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8ce1d0ecf2a9ab1c9b020e1b5702c27685756348e6358c6814b0b0f8f528477a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-206](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-206) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:7efbe88bf8abbfdf5306891165d97485c80ce8c11bb53508fc3008289dd01d0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-207](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-207) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3432a055c811033208860e46f3a7d1034ed06ecd6bdb9b670b2bee0c633173a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-208](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-208) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:ce87be51d4832077e826cbb465947c9d3aa6205f8d5f8781aadd1889823801ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-209](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-209) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e6e62c482cf08098964acc91c2e08cb234695bbdba259f134f49d134d2445b61 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-210](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-210) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:5f4398ce7c217016edac0dcff68763360b37a5f3aebad7f00b65e63f60de89e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-211](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-211) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:ca2ff63c58f2df0d44833a3898a79ba71929cd339aacb7f60f9cdb1663216ad9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-212](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-212) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f44c9235dd377363ac485e70c33e0d92f93e346eda0e0240d5cb12b9c3412917 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-213](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-213) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:14884af100b0d3d1e77e18b7c827e8d6d5c60984e3aa9efe227b37972b6084b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-214](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-214) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:100fe6c373d0857be96f3b37b5fd0807070c33c8ee10b246bd5032becf2aa202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-215](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-215) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:a9b259c52b4072d848be60c840d7a33d842aa5cf893f0c5e1796dae84867c235 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-216](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-216) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:94b059676bc265750f9a2fa5b84a0fdf79fc8ce72318153d733afe4b44cf8870 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-217](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-217) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:3b8538d4ec82739f3291d0e5275ee79fa1b7bc1bd88b5130642646c426f0bcd7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-218](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-218) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:25405dd4ce49d7a54c5897ecb2ca655d4978202ce68e40ac8b2fae7e4561c17e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-219](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-219) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:6248baa22a267b06f6b7858816cec6a854b3a6271ba4a9a46771e0c6f16f3839 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-220](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-220) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:9805ac66966a8bb4abf8c1b5720116a0f5dc4395d742c7dfe9c5b624e1055743 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-221](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-221) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:338503baed54ab524d27142d67fe9d3043974606437d748919eb95b9c549ff3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-222](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-222) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:137effb17a3d428db114091ab3f465f1fff465d9e34e5080277a8735f3d80c57 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-223](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-223) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e0f6b239f9e73f825ccca1954e1e1dd87240b5cf2eacd1d242d7e1b7403c998f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-224](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-224) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:0179b19052c265704914e1408ae7f5fb8fdc30aae0da3c410a4d7c0833d9e3dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-225](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-225) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f358894195877fa1c740dec5526d1059aebbc17db34e54fffe57f61019a707e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-226](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-226) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:5dfcf861505397e9bcf8b46671de76c1545a5e3c03cf78dadb915dc90bf98694 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-227](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-227) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:05e0daa809965d03120ecd79363628870820f771985274b37097ef099c9120ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-228](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-228) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:2bf25ad787cb411ba5931df73910eb705dd118002fc62ca5c1466c976d9c094c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-229](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-229) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:43d8cf52f18105e59978fc071a038e832c567986be346b413b17f0b0449f2809 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-230](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-230) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:98742db4f1a00df8b796bdd44e90ae7f1ce50507c20807582bd284c564d8aece Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-231](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-231) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:e6ceac4b95b7118475f64e16d0a0e7d088b29d189262953deb74e9582f014559 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-232](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-232) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:cf59c903cb605c688003643eddf399f62113a45c7b7e787a24c1c70b5e01692f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-233](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-233) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8fed84c4f1fc8877aae62072b575add2ea76ff66556901bcd35b63860eef54fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-234](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-234) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:ab518c596a997bd863e5af4e0bec48a0734664dcf8489459bba08b8ea7b48d4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-235](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-235) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:f538fcfd67958da9a56d57fbc1637bddc3959620bf41f967b7ed5e687df788d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-985-55-236](https://asc.understandingaccounting.org/asc/605/985/#605-985-55-236) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:31.728Z to 2026-09-10T00:54:31.728Z Record version: sha256:8815818ead13d02c78921a0cf816d1acddf37553b3f53e38a289604a4ae89cb3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:54:34.894Z to 2026-09-10T00:54:34.894Z Record version: sha256:23ed0b50165c70940ee9ba572c7e6b78a4aaa14bed6d7efe63ab66d6d3343f82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-985-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/605/985/#65-transition-and-open-effective-date-information) SEC content: no ##### [605-985-65-1](https://asc.understandingaccounting.org/asc/605/985/#605-985-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:34.894Z to 2026-09-10T00:54:34.894Z Record version: sha256:860aa6cd01593b79918d6b4a601da34e6ba11f3f5e63f72fe6c79b3c40854039 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 12/13/2011 after the end of the transition period stated in Accounting Standards Update No. 2009-14, _Software (Topic 985): Certain Revenue Arrangements That Include Software Elements_.